Rogers Corporation announced that Ali El-Haj has been named President and Chief Executive Officer and will join the company's Board of Directors, with the appointment effective immediately. The announcement followed a board-conducted search and came after El-Haj had been serving in the role on an interim basis.
Rogers shares fell 2.7% on Tuesday after the company made the leadership change official.
Armand Lauzon, Chair of the Board of Rogers, said that during his time as interim CEO El-Haj "has driven improved execution and brought greater focus to innovation priorities, positioning Rogers for sustained performance." The board said that assessment informed its decision to make the appointment permanent.
The company described El-Haj as having operational expertise across Rogers' core businesses as well as global market experience. Prior to taking on the interim role, he held leadership positions within the organization. In his statements about the new appointment, El-Haj said he is honored to lead Rogers and intends to work with the executive team to improve execution and pursue growth opportunities, citing the company's differentiated technologies and market positions.
Rogers is a manufacturer of engineered materials used in a range of end markets, including wireless infrastructure, automotive, aerospace and defense, and others. The company is headquartered in Connecticut and maintains manufacturing operations around the world.
The Board expressed confidence that El-Haj possesses the leadership capabilities and strategic perspective necessary to optimize Rogers' existing business and advance its growth priorities. The statement reflects the board's view of continuity in leadership following the interim period and its expectation that El-Haj will focus on execution and innovation.
This reporting is limited to the information provided by the company regarding the appointment, market reaction, and the board's statements. No additional events, projections, or outcomes beyond those disclosed by Rogers were asserted.