Foam supplier FXI, which has headquarters in Media, Pa., has named John Cowles president and chief executive officer. He also has been named to the company’s board.
Cowles replaces Jack Johnson, who is retiring after six years with the company. Johnson will stay on the board as chairman.
“I would like to recognize and thank Jack Johnson, who led FXI through a restructuring and helped position the company for short– and long–term success,” said Greg Ethridge, a partner at MatlinPatterson Global Advisers LLC, a majority owner of FXI. “We wish Jack well in retirement and look forward to having him remain on the board of directors.”
Cowles is the former CEO of Touchstone Wireless. Prior to that, he was president of George Weston Bakeries. He also served as executive vice president and general manager for Kraft Foods’ beverage, cookies, confections and condiments business units. His background also includes nine years with Campbell Soup Co.
“On behalf of the board, I would like to welcome John to FXI,” Johnson said. “He is a proven leader who brings to FXI an ideal combination of skills and experience. We are confident that FXI will greatly benefit from his supply chain, innovation and general industry experience as we continue to focus on driving enterprise value through growth and new business development.”
Cowles said: “FXI is an established leader in the polyurethane foam manufacturing industry and I am very pleased to be joining the company. …I am extremely excited by this opportunity and look forward to working with the entire FXI team to realize the enormous potential that exists at FXI.”
