Plastipak Packaging, Inc., a wholly-owned subsidiary of Plastipak Holdings, Inc. (Plastipak), has announced that its founder president and CEO William C. Young will transition out of his role and welcome the next generation of leadership, Edward V. Morgan.
Young has been the chairman of the Board of Directors, and president and CEO of Plastipak, a world leader in the design, manufacturing, and recycling of rigid plastic containers for the food, beverage, industrial, aerosol and consumer cleaning products industries, since its inception in 1967.
He will continue to serve as chairman of the Board following his transition.
The Young family will retain ownership of Plastipak, and the organisation will remain a privately held family business.
Young founded Plastipak alongside his parents, Mary and William P. Young, in Jackson Center, Ohio.
Starting in a small building with a few machines, he is a pioneer in the industry and has led Plastipak to what it is today.
“As a family-owned and operated business, my goal has always been to make Plastipak a company that positively impacts the lives of its associates, customers and the community,” said Young. “Our passion and commitment to our associates, packaging innovation and sustainability has positioned us for continued success. I am excited for Plastipak’s future and I know that Ed understands that focusing on long-term customer relationships and innovation is a differentiator.”
“It has been one of the great honours of my life to lead Plastipak and work alongside some of the most engaged hearts and minds in the business over the past 56 years,” he said. “I am so fortunate to have crossed paths and collaborated with many outstanding customers, partners and suppliers, and I thank them for trusting our company to help them achieve their goals.”
Edward V. Morgan, incoming president and CEO, is Young's son-in-law.
He has over 25 packaging-related patents and has been with Plastipak for more than 20 years, serving in various management and executive roles, including senior vice president of operations, extrusion development, global manufacturing processes and intellectual property.
He also served as director of transportation for Whiteline Express, LTD., and most recently as an executive advisor at Plastipak.
Before joining Plastipak, he worked at Deloitte Consulting and Ford Motor Company.
Morgan has a Master of Business Administration from the University of Michigan and a Bachelor of Science in Business Administration from the Ohio State University.
“Having worked very closely with Bill over the years, I have had the opportunity to work for an iconic entrepreneur whose passion for our customers and product innovation has driven our success. Working directly with Bill, a serial entrepreneur, you gain an intangible edge, another level of thinking that is unconventional at times and beyond the traditional management approach," said Morgan.
"His passion for the business is contagious and has guided Plastipak for nearly 60 years, solidifying our position as an industry leader. It is a great honour to carry on his legacy and Plastipak’s guiding principles. We will continue innovating and building upon our sustainability efforts to create groundbreaking packaging and recycling solutions for our customers around the globe.”
Plastipak announces transition of founder president and CEO William C. Young
