David MacMahon, long-time president and CEO of Formed Fiber Technologies, Auburn, ME, retired last month. Mr. MacMahon will become vice chairman of the FFT board of directors, focusing on strategic issues. Mark Bennett will succeed Mr. MacMahon as president and CEO. Mr. Bennett has more than 24 years of experience in the automotive industry. Since 1999, he was president and CEO of McKechnie Vehicle Components. He began his career as a material handling manager with Arrow Molded Plastics and advanced rapidly to plant manager.
Citing a desire to spend more time with family, Mr. MacMahon had been planning his retirement for some time and decided now is a good point in the company’s growth for him to step back from the day-to-day operations. Mr. MacMahon has led FFT (formerly Gates Formed-Fibre Products) since its inception. Under his leadership, the company grew from a small start-up to the leading manufacturer of automotive trunk trim systems.