Shifman to become Michelman executive chairman next January

Rick Michelman to be president and CEO from 1 January 2022

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L to R – Steve Shifman current president and CEO of Michelman and Dr Rick Michelman who will take over from him on 1 January 2022 Photo Michelman
L to R – Steve Shifman current president and CEO of Michelman and Dr Rick Michelman who will take over from him on 1 January 2022 Photo Michelman

On 9 June 2021, Cincinnati-based Michelman announced that Dr. Richard (Rick) I Michelman will become the organization’s next president and CEO, effective 1 January 2022. At that time, longtime leader Steven J. Shifman, president and CEO since 2003 will assume the role of executive chairman.

Michelman on being industry leader for seven decades

Founded in 1949, Michelman has been an industry leader for over seven decades in developing and applying sustainable and water-based surface modification technology. This leadership transition assures that the company will continue to be family-owned and managed for the long term.

Explains Shifman, “I am tremendously proud of having led and grown our company globally for nearly 20 years. Moreover, I have strived to lead the company so that our ability to grow sustainably for good has been enhanced. Michelman is comprised of hundreds of values-based and purpose-driven associates, and I am appreciative that we continue to leave a positive impact on the communities we serve and the world around us.”

Shifman led the company’s global expansion in his tenure. It now maintains production facilities in North America, Europe, and Asia, product development and technical service centers in several major global markets, and a worldwide team of over 400 highly trained professionals.

“Rick is uniquely qualified to serve as Michelman’s next president. His leadership, customer relationships, and proven performance make him the natural choice to succeed me,” Shifman continues. “He has been with the company for more than 25 years, acquiring broad operation and market knowledge by serving in many organizational roles, most recently as chief technology officer and executive vice president for the Americas and the Printing & Packaging business segment. Furthermore, his background as a chemist gives him a true understanding of the sustainable solutions Michelman continues to innovate globally.”

Rick Michelman adds that Schifman has brought the company to a solid position. “We are set up to be more vital and impactful than ever before, and I am ready to lead the business into the future as the coatings, printing, and packaging, and fibers and composites markets continue to need our sustainable solutions. Our global associates and deep customer relationships have positioned us for continued growth in these markets that embrace sustainability. It’s an exciting time at Michelman.” The leadership transition will take place over the next six months for completion by 1 January 2022.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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