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Article: Vic De Zen's Royal exit will herald change.
- Article from:
- Plastics News
- Article date:
- November 24, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Angie DeRosa
For building products giant Royal Group Technologies Ltd., the end of 2003 means colossal changes, including the retirement of Vic De Zen, its iconoclastic founder, and a repositioning of its strategy.
It's a highly significant transformation for the profile extruder, as the De Zen name fades from day-to-day involvement and a realigned management team takes the helm.
Officials even explored a possible sale, but they now say that process has ended.
"As far as I'm concerned, that has been abandoned,'' President Doug Dunsmuir told analysts and shareholders during the firm's Nov. 19 conference call announcing ...