Donald Wiseman named CEO of Star Plastics
RAVENSWOOD — Donald Wiseman has been appointed the CEO of Star Plastics, following the company’s acquisition by Akoya Capital Partners.
With more than 25 years’ experience, Wiseman has held senior-level leadership roles with PolyOne, Cabot Microelectronics, Americhem and Rohm and Haas and advised on multiple private equity transactions totaling more than $1 billion. At PolyOne, Wiseman managed 11 global plants and 1,500 people, increased sales and generated top line and earnings growth as president of its performance products and services solutions business, according to a release from Star.
Most recently, Wiseman served as interim COO and board member for GreenMantra, where he implemented operational best practices and was instrumental in leading the company’s international growth.
“Don’s leadership skills, commercial and operational experience and success in delivering exceptional growth will make him a valuable addition to the Star Plastics team,” board Chairman Bob May said.
Wiseman succeeds Star Plastics founder Doug Ritchie, who will become the company’s chief strategy officer.
“Don understands our culture and is going to hit the ground running — his experience will be a big advantage to bringing Star closer to our growth goals,” Ritchie said.
Wiseman earned a bachelor’s degree in chemical engineering from Youngstown State University, a master’s in chemical engineering from the University of South Carolina and a master’s of business administration from Duke University’s Fuqua School of Business.
Ritchie held the CEO position since he founded Star Plastics in 1988, where he grew the business from a contract recycling company into a provider of custom-engineered compounds and specialty materials.