St. Paul, MN, November 9, 2006-- HB Fuller Co., said chief executive Al Stroucken resigned effective December 1 and will be replaced with global adhesives unit president Michele Volpi.
Stoucken, 59, who is also chairman and president of the company, plans to pursue a new opportunity with an unnamed Fortune 500 company. He was responsible for helping to reposition HB Fuller as a specialty chemical business.
Volpi, who was also general manager of the global adhesives unit, was additionally named president and director of the company. The 42-year-old has been with the company since June 2002, when he joined as global manager for the assembly unit. The global adhesives unit generates about 70 percent of the company's total sales, which totaled $369.1 million for the quarter ended in August.
Prior to joining HB Fuller, Volpi worked as general manager of marketing for the General Electric Co.'s polymershapes unit.
Lee Mitau, 58, who has been executive vice president and general counsel of U.S. Bancorp since 1995, was named non-executive chairman of HB Fuller, where he has served on the board since 1996. Mitau is also non-executive chairman of Graco Inc., an industrial equipment maker
