Lion Elastomers seeking new leader after CEO resigns

PORT NECHES, Texas—Jesse Zeringue, Lion Elastomers' long-time president and CEO is stepping down after 31 years of service to pursue new opportunities.

In an Aug. 26 statement, Lion said its board of directors immediately will look to identify a successor for Zeringue, who has been at the helm of the company for the past eight years.

Lion's current chief technology officer and vice president of research and development Dr. David Ward has been appointed to serve in the role as interim CEO.

According to Ward, under Zeringue's leadership, Lion saw growth in key market segments, diversified its product offerings and became "a stronger company within the elastomers industry."

"Initiatives undertaken during his tenure will certainly continue to add value well into the future," Ward said in a statement. "Concurrent with Jesse's departure, I have complete confidence in our staff's ability to make this a smooth transition."

In a statement, Zeringue said it was "an absolute honor and privilege" to have worked at Lion.

"I will certainly cherish the memories I have accumulated over the past 31 years," he said. "I wish to thank our owners and board for placing their trust in me to lead the company for the past eight years; our customers, suppliers and financial partners who stayed by our side through the many business cycles; but most of all the dedicated employees who helped to build and define Lion.

"I am forever grateful for the opportunity to lead such a tremendous group of contributors. I wish the company continued success."