Rogers Corporation Announces Colin Gouveia's Departure, Ali El-Haj as Interim CEO.

Rogers Corporation has announced the departure of CEO Colin Gouveia, who resigned from the Board on July 12, 2025. Ali El-Haj has been named interim CEO, bringing experience in key Rogers markets and a track record of executing strategy in lean environments. The company is launching a search for a permanent CEO.

Rogers Corporation (NYSE: ROG) has announced the departure of CEO Colin Gouveia, who resigned from the Board on July 12, 2025. Gouveia's resignation follows a period of strategic review, during which the company aims to simplify its operating model to increase agility and focus [1]. Ali El-Haj has been appointed as interim President and CEO, bringing over 30 years of international experience in the automotive and manufacturing industries [1].

El-Haj, who previously led Techniplas and CAP-CON Automotive Technologies, will oversee Rogers during this transition period. He is known for his ability to execute strategy in lean, high-performance environments and his success in navigating complex supply chain challenges [1]. The appointment of El-Haj comes at a crucial time, with Rogers' next earnings report scheduled for July 24 [1].

The company's search for a permanent CEO will consider both internal and external candidates, reflecting its commitment to finding the best fit for Rogers' future growth and innovation [1]. The interim CEO role will allow El-Haj to work closely with the executive leadership team, employees around the world, and the Board of Directors to drive innovation and enhance operational discipline [1].

Rogers Corporation is a global leader in engineered materials, serving markets such as electric vehicles, advanced electronics, aerospace, defense, and industrial applications. The company operates manufacturing facilities across the United States, China, Germany, Hungary, Belgium, and South Korea [1]. Despite recent stock market fluctuations, Rogers maintains strong financial health, with more cash than debt on its balance sheet and a current ratio of 3.94, indicating robust liquidity [1].

In the first quarter of 2025, Rogers reported adjusted earnings per share (EPS) of $0.27 and achieved revenue of $190.5 million, surpassing analyst expectations. The company is projecting second-quarter sales between $190 million and $205 million, with an expected improvement in gross margins to 31-33% [1]. Additionally, Rogers is expanding its global operations with a new facility in China and anticipating cost savings of $25 million in 2025 [1].

Investors are closely monitoring these developments as Rogers continues to navigate a complex market environment. The company remains focused on securing new design wins and maintaining a strong balance sheet [1]. The appointment of El-Haj as interim CEO reflects Rogers' commitment to strategic leadership and operational excellence.

References:
[1] https://www.investing.com/news/company-news/rogers-appoints-ali-elhaj-as-interim-ceo-following-gouveias-departure-93CH-4133943
[2] https://www.businesswire.com/news/home/20250713316593/en/Rogers-Corporation-Announces-CEO-Transition