Wednesday, April 23, 2014
Inquirer Daily News

Foam maker FXI names new CEO

The Delaware County company hired John Cowles as president and CEO, succeeding the man who'd led the company since its emergence from bankruptcy in 2009.

Foam maker FXI names new CEO

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.

Mike Armstrong Inquirer Columnist
About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

Mike Armstrong Inquirer Columnist
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