Joe Peilert

VEKA Inc, based in Fombell, Pa., has announced that Walter Stucky, president and chief executive officer (CEO) of the North American division, will be stepping down as president beginning March 1, 2010. Stucky will remain CEO of VEKA Inc. until June 30, 2010, in order to transition VEKA’s newly appointed president Joe Peilert smoothly.

Most recently, Peilert served as president and CEO for TMI International LLC, a manufacturer of flexible PVC products. Prior to joining TMI, he worked as the general manager and executive vice president for Ardex North America in the building materials industry.

Peilert, who speaks both English and German fluently, gained extensive international experience working on four continents in different sales, marketing and corporate development functions.

“I became familiar with VEKA Inc’s innovation and quality leadership 18 years ago, when I moved to the United States,” he says. “I was very intrigued by their success and I am excited to now be a part of a strong team that is poised for future growth.”

Although Stucky will retire in June, VEKA says it will retain him in a consulting role as well as various special interest projects until the end of 2011. Stucky has served as VEKA Inc’s president and CEO for the past nine years and as VEKA Inc’s executive vice president for the previous 14 years.

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