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."