Proto Labs, Inc. (NYSE: PRLB), a leading online and technology-enabled quick-turn manufacturer has appointed a new President and CEO, Victoria M. Holt. Bradley A. Cleveland, who helped shape Proto Labs into the company it is today and developed it into a publicly traded company, had announced his intention to resign last October.
Ms. Holt brings more than 30 years of experience in leadership roles with Global Fortune 500 companies across a broad range of manufacturing, chemical and materials industries. Most recently, she was President and Chief Executive Officer at Spartech Corporation (NYSE: SEH), a $1.2 billion publicly-held, leading supplier of sustainable plastic sheet, compounds and packaging solutions, where she engineered a turnaround that resulted in a 73% increase in operating earnings in just two short years. The turnaround led to the successful stock/cash sale of Spartech to PolyOne Corporation (NYSE: POL) in March 2013, at a 56% premium when announced and ultimately a 106% premium at closing. Prior to Spartech, she was Senior Vice President, Glass and Fiber Glass, at PPG Industries, Inc., a leading coatings and specialty products company. Ms. Holt also served in leadership positions with Monsanto Company and its successor, Solutia, Inc. in various management, sales, and marketing roles.
I had an opportunity to discuss her plans for the future of Proto Labs. Listen to the podcast to learn more about how Proto Labs will develop additional services to help you with your design needs.