UFP Technologies, Inc. announced the retirement of CEO R. Jeffrey Bailly and the succession plan to appoint Mitchell Rock as the new CEO.
Bailly, who served as CEO for 31 years, will retire at the Company's next annual meeting on June 4, 2026, with Rock taking over the role.
Rock, the current President of the Company, will also join the Company's Board to ensure a smooth transition.
CEO Retirement
R. Jeffrey Bailly, after serving as CEO for 31 years, will retire and transition to the role of Executive Chairman of the Board.
Successor Announcement
Mitchell Rock, the current President of UFP Technologies, will succeed Bailly as CEO and join the Board of Directors.
Company Growth
Under Bailly's leadership, UFP Technologies experienced significant revenue growth and increased profitability, positioning it as a leading global organization in medical device development and manufacturing.
- The CEO succession plan marks a significant leadership change at UFP Technologies after Bailly's long and successful tenure.
- Rock's appointment reflects continuity and a strategic move to maintain the company's growth trajectory and market position in the medical device industry.
The announcement of the CEO succession plan at UFP Technologies signifies a pivotal moment in the company's history, showcasing a thoughtful transition of leadership for continued growth and success in the medical device sector.