Nypro Elects Ted Lapres President & CEO
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CLINTON MA USA -- MEDICAL INDUSTRY E-MAIL NEWS SERVICE(TM) -- JULY 20 2006 -- Theodore E. Lapres III has been elected President & CEO of Nypro Inc., effective immediately. He had been acting president since Feb 2006. Gordon B. Lankton, Chairman of the Board, made the announcement.
Ted Lapres has served as Nypro's CFO/VP of Finance and a member of the Nypro Inc. Board of Directors. He joined Nypro in 1988 as corporate controller. Previous employers include Jiffy Packaging and Coopers & Lybrand. Mr. Lapres is a graduate of Dartmouth College and received his MBA from the Johnson Graduate School of Management at Cornell University. He is also president of the Nypro Foundation.
Mr. Lankton noted, "The Board of Directors of Nypro Inc. has overseen a 6-month search to identify the right person to lead Nypro and to further our successful 50-year record into the future. During this period, Ted and his leadership team of seasoned managers have reorganized the company into market segments that bring us closer to our customers, consolidated businesses, created a new opportunity for diversity supply and enhanced profitability in the company's first billion-dollar year. The Board and I look forward to continued success led by Ted and his team."
ABOUT NYPRO:
The leading global custom plastics manufacturer, Nypro was founded in Clinton in 1955 and has more than 15,000 employees and 65 operations in 18 countries. Sales for the fiscal year ended June 30 2006 exceeded $1 bln. Nypro is one of the largest employee-owned companies. Markets include healthcare, consumer/electronics, consumer packaging and automotive.
FOR FURTHER INFORMATION, PLEASE VISIT:
Al Cotton
Public Affairs
Nypro Inc
101 Union St
Clinton MA USA 01510
978-368-4580 phone
978-368-0236 fax
al.cotton@nypro.com
