FXI, the Delaware County-based maker of polyurethane foam products, has a new chief executive.
Jack Johnson, who’d been president and CEO since the privately company emerged from bankruptcy in June 2009, is retiring, but will remain chairman.
Succeeding the 70-year-old Johnson is John Cowles, who’d most recently been the CEO of Touchstone Wireless Repair & Logistics L.P., a Hatfield provider of repair services to the wireless industry that generated about $125 million in 2010 revenues. Indianapolis-based Brightpoint Inc. acquired Touchstone for about $76 million in December.
Much of Cowles’ experience is in the food industry. Before joining Touchstone, he’d been president of George Weston Bakeries, the Horsham baker of Thomas’ English Muffins and Arnold breads. Cowles, 48, also worked for Kraft Foods Inc. and Campbell Soup Co.
FXI employs about 2,100 people, including 110 in its Upper Providence headquarters. It had 2010 revenue of $751 million.