Killingly technology-products maker Rogers Corp., under pressure to get arms around costs, is losing Luc Van Eenaeme as vice president and managing director for its Europe division, effective on or around June 30, a regulatory filing shows.
Van Eenaeme, 53, is leaving after nine permanent years in the post to pursue other opportunities after staying on long enough to assist with a transition, Rogers declared this week in a terse 8-K filing with the Securities and Exchange Commission.
A company spokesman declined comment Wednesday beyond the SEC filing, which didn’t say whether Rogers intends to replace Van Eenaeme.
In mid-May, Rogers announced a freeze in contributions to its salaried and nonunion hourly employees’ pension plans starting this summer, under its overall plan to save $12 million by the first quarter of 2014.
In exchange, Rogers is increasing its contributions to employees’ 401(k) retirement plan.
Rogers also announced other cost-reduction strategies that it says will save $5.2 million annually, although it did not detail them. These efforts will result in changes for $2.4 million in 2013, so the full savings won’t be realized until next year.
The company swung its first-quarter net earnings back to black, netting $7.1 million on $126 million in sales.
Its product line includes advanced printed-circuit materials and shock-proof components for cellphones and other portable devices.
