Latest news with #RogersCorporation
Yahoo
2 days ago
- Business
- Yahoo
Rogers Corporation Announces CEO Transition
Rogers launches a search for permanent CEO and names Ali El-Haj as interim leader CHANDLER, Ariz., July 14, 2025--(BUSINESS WIRE)--The Board of Directors of Rogers Corporation (NYSE: ROG) today announced that Colin Gouveia has left his position as President and CEO and has resigned from the Board on July 12, 2025. Ali El-Haj has been named the company's interim President and CEO. Mr. El-Haj brings global leadership experience in key Rogers markets and is well-positioned to advance the company's strategic direction during this transition. "Ali is an accomplished global leader with extensive experience in technical sectors and a strong track record of executing strategy in lean, high-performance environments," said Peter Wallace, Chair of the Rogers Board of Directors. "This transition also marks a shift to simplify our operating model to enable greater agility and focus. Rogers has a clear strategy, a talented management team and a proven legacy of innovation for customers. We are confident in the team's ability to safely deliver long-term value for our customers, employees and shareholders." "The Rogers Board of Directors will conduct a robust search to select a permanent leader— as the company enters its next phase of growth and innovation. The search will consider internal and external candidates," added Mr. Wallace. Mr. El-Haj is a seasoned CEO with over 30 years of international experience leading growth, turnarounds, and strategic expansion in the automotive and manufacturing industries. Most recently, he guided Techniplas, a Tier 1 supplier, through multiple acquisitions, complex COVID-19 supply chain challenges, and securing several contracts with European OEMs. Prior to that, Mr. El-Haj served as President and CEO of CAP-CON Automotive Technologies, where he expanded Casco Products into a global leader in sensor and connectivity systems, and simultaneously led ARC Automotive through a major turnaround. Mr. El-Haj holds a master's degree in physics/quantum mechanics from the University of Connecticut and a bachelor's degree in electrical and computer engineering from the University of Bridgeport. "I am honored to lead the Rogers organization at such a pivotal time in its journey," said Mr. El-Haj. "I look forward to working closely with the executive leadership team, employees around the world and the Board of Directors to execute with excellence on our strategic plan. Together, we will drive innovation, enhance our operational discipline and execute where it matters for our customers, creating the engineered materials that move the world forward." "On behalf of the Board of Directors and the employees at Rogers, I would like to thank Colin for his leadership and contributions to the organization. We wish him well in his future endeavors," said Mr. Wallace. About Rogers Corporation Rogers Corporation (NYSE: ROG) is a global leader in engineered materials to power, protect, and connect the world. With more than 185 years of materials science and process engineering expertise, Rogers delivers high-performance solutions for EV/HEV, advanced electronics, aerospace and defense, and industrial markets. Headquartered in Chandler, Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Hungary, Belgium, and South Korea, with sales offices worldwide. View source version on Contacts Steve HaymorePhone: 480-917-6026 Email: Media Contact: Email: corpcom@
Business Wire
2 days ago
- Automotive
- Business Wire
Rogers Corporation Announces CEO Transition
CHANDLER, Ariz.--(BUSINESS WIRE)--The Board of Directors of Rogers Corporation (NYSE: ROG) today announced that Colin Gouveia has left his position as President and CEO and has resigned from the Board on July 12, 2025. Ali El-Haj has been named the company's interim President and CEO. Mr. El-Haj brings global leadership experience in key Rogers markets and is well-positioned to advance the company's strategic direction during this transition. 'Ali is an accomplished global leader with extensive experience in technical sectors and a strong track record of executing strategy in lean, high-performance environments,' said Peter Wallace, Chair of the Rogers Board of Directors. 'This transition also marks a shift to simplify our operating model to enable greater agility and focus. Rogers has a clear strategy, a talented management team and a proven legacy of innovation for customers. We are confident in the team's ability to safely deliver long-term value for our customers, employees and shareholders.' 'The Rogers Board of Directors will conduct a robust search to select a permanent leader— as the company enters its next phase of growth and innovation. The search will consider internal and external candidates,' added Mr. Wallace. Mr. El-Haj is a seasoned CEO with over 30 years of international experience leading growth, turnarounds, and strategic expansion in the automotive and manufacturing industries. Most recently, he guided Techniplas, a Tier 1 supplier, through multiple acquisitions, complex COVID-19 supply chain challenges, and securing several contracts with European OEMs. Prior to that, Mr. El-Haj served as President and CEO of CAP-CON Automotive Technologies, where he expanded Casco Products into a global leader in sensor and connectivity systems, and simultaneously led ARC Automotive through a major turnaround. Mr. El-Haj holds a master's degree in physics/quantum mechanics from the University of Connecticut and a bachelor's degree in electrical and computer engineering from the University of Bridgeport. 'I am honored to lead the Rogers organization at such a pivotal time in its journey,' said Mr. El-Haj. 'I look forward to working closely with the executive leadership team, employees around the world and the Board of Directors to execute with excellence on our strategic plan. Together, we will drive innovation, enhance our operational discipline and execute where it matters for our customers, creating the engineered materials that move the world forward.' 'On behalf of the Board of Directors and the employees at Rogers, I would like to thank Colin for his leadership and contributions to the organization. We wish him well in his future endeavors,' said Mr. Wallace. About Rogers Corporation Rogers Corporation (NYSE: ROG) is a global leader in engineered materials to power, protect, and connect the world. With more than 185 years of materials science and process engineering expertise, Rogers delivers high-performance solutions for EV/HEV, advanced electronics, aerospace and defense, and industrial markets. Headquartered in Chandler, Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Hungary, Belgium, and South Korea, with sales offices worldwide.
Yahoo
03-04-2025
- Business
- Yahoo
Is Rogers Corporation (ROG) The Best Beaten Down Stock to Buy According to Analysts?
We recently published a list of 10 Best Beaten Down Stocks to Buy According to Analysts. In this article, we are going to take a look at where Rogers Corporation (NYSE:ROG) stands against other best beaten down stocks to buy according to analysts. JPMorgan released a market update where it highlighted the US Fed's recent decision to keep the rates unchanged. Also, the US Fed decreased the growth forecasts and increased the near-term inflation expectations. The futures markets are pricing 2 interest rate cuts this year and a ~50% chance of the third cut. Jose Torres, Senior Economist at Interactive Brokers, believes that stocks are being impacted as slowdown worries continue to pressure the outlook for broader corporate earnings growth. According to him, investors continue to pile up shares in the defensive consumer staple, utilities, and healthcare segments and the real estate and energy areas. Reuters reported that analysts have been turning more cautious about the US corporate earnings for Q1 2025, as Trump's policies continue to threaten to trigger a global trade war that can impact the broader economic growth. Reuters, while quoting Tajinder Dhillon (senior research analyst at LSEG), noted that S&P 500 forecasts for Q1 2025 have declined by 4.5 percentage points since January 1. Notably, this has been the largest downward revision since Q4 2023. The earnings growth for the S&P 500 companies is expected at 7.7% YoY, marking the lowest since Q3 2023 as well as a significant decline from 17.1% in Q4 2024. The worries related to the import tariffs and retaliation by US trade partners, together with the government cutbacks, can push the broader economy into recession have witnessed an increase over the past few weeks, reported Reuters. READ ALSO: and . CNBC, while quoting Scott Wren (senior global market strategist at the Wells Fargo Investment Institute), stated that numerous uncertainties can negatively impact the broader stock market, such as tariffs as well as a potential rebound in inflation. Furthermore, an increase in bond yields can also pose a headwind, as per Wren. Notably, increased yields can impact the demand for US stocks. That being said, a favorable backdrop of healthy economic growth and consumer spending, together with relatively low unemployment, can help the S&P 500 to deliver ~12% in 2025. As per Wren, this would be marginally higher than the long-term historical average. The strategist thinks that the investors are required to be optimistic. Amidst these trends, let us now have a look at the 10 Best Beaten Down Stocks to Buy According to Analysts. To list the 10 Best Beaten Down Stocks to Buy According to Analysts, we used a screener and shortlisted the stocks that are trading close to their respective 52-week lows and that analysts see significant upside to. Next, the stocks were arranged in ascending order of their average upside potential, as of March 21. We also mentioned the hedge fund sentiment around each stock, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a cooling solution being tested in an electrical infrastructure. Rogers Corporation (NYSE:ROG) is engaged in designing, developing, manufacturing, and selling engineered materials and components. In 2025, the company continues to focus on securing new design wins, improving its cost structure, and maintaining a healthy balance sheet. The company is executing its commercial, innovation, and manufacturing footprint priorities and remains confident that such actions will position Rogers Corporation (NYSE:ROG) to win when market conditions begin to improve. Despite the macro and market challenges impacting full-year sales, the company's focused efforts to deliver operations and procurement cost savings, optimize yields, and drive throughput improvements supported in mitigating the effect of the lower sales on gross margins. Such actions, along with effective expense and working capital management, enabled Rogers Corporation (NYSE:ROG) to garner a healthy cash flow and execute its capital allocation priorities. With respect to these priorities, the company believes that capital expenditures for capacity will aid market growth, while it continues to make investments in R&D, sales, and other capabilities. Rogers Corporation (NYSE:ROG) is targeting M&A opportunities with complementary technologies and strong financial profiles. It is focused on driving operational excellence to ensure efficient and cost-effective service for customers. Overall, ROG ranks 2nd on our list of best beaten down stocks to buy according to analysts. While we acknowledge the potential of ROG as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued AI stock that is more promising than ROG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. 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