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Spectrum Plastics Group (SPG) announced the retirement of Mr. Neil Shillingford, President & Chief Executive Officer, and the appointment of Thomas J. Sullivan as President & Chief Executive Officer. Mr. Shillingford will continue as a Director on the Board.
Spectrum Plastics Group is a developer and manufacturer of custom and specialty plastic products and components for the medical device industry.
Mr. Sullivan brings 25 years of medical device experience to SPG, beginning with his twenty-year career at Johnson & Johnson, where he held executive and operational leadership roles from 1990 until 2011. From 2002 to 2005, he served as President of Johnson & Johnson Medical Products Canada, where he was responsible for all of Johnson & Johnson’s medical device franchises across an array of clinical fields of application. He also served as the President of DePuy Orthopaedics, and subsequently as the President of the Supply Chain & Business Process Division of Johnson & Johnson Health Care Systems.
From 2011 to 2015, Mr. Sullivan was President and CEO of Symmetry Medical, an orthopedic contract manufacturer. Mr. Sullivan sold Symmetry Medical to a private equity firm in 2015. Following the sale Mr. Sullivan led Symmetry Surgical, a global medical device company. Symmetry Surgical was acquired by a private equity firm in 2016. Mr. Sullivan’s most recent role was as President and CEO at A&E Medical, which was recently acquired by Zimmer Biomet.
“On behalf of the Board of Directors and the entire team at Spectrum, I would like to thank Neil for his leadership and dedication to Spectrum and its predecessor companies over the past thirty-four years, the last fourteen as CEO. He has helped drive the transformation of Spectrum into a leader in the medical device contract manufacturing and packaging films industries. His success in leading the company has been exemplified in guiding Spectrum successfully through the pandemic while working with the Board to find his successor,” said Rahul Goyal, Chairman of Spectrum Plastics Group and a Partner with AEA. “We look forward to welcoming Tom to the company and working with him as he leverages his experience and expertise to drive the continued growth and evolution of Spectrum.”
Mr. Shillingford said, “It has been an honour and a privilege to lead Spectrum over the past fourteen years and while I will miss working with my colleagues and friends at SPG on a day to day basis, I look forward to continuing my involvement at the Board level. We are looking forward to Tom bringing his background in medical devices, knowledge of the global acute care marketplace and OEM customers, and experience with M&A execution to Spectrum.”
Mr. Sullivan said, “I am excited to build upon the strong foundation of quality and service that our 1,900 teammates around the world have created at Spectrum. We have a unique opportunity to advance medical device innovation for our customers with Spectrum’s expertise, ingenuity, and capabilities, which we will continue to expand with internal development and strategic acquisitions.”
