Michael Ring has joined Mtex NS as its new CEO.
Ring is described as a 'dynamic, high-energy personality’, who motivates employees and inspires success. He has a 30-year proven track record in management, sales, marketing and international business, working with the likes of Kodak, Xeikon and Gallus in his native North America and Europe. He will relocate to Porto, Portugal for his new role.
Ring’s experience is largely centered on increasing adoption of digital technologies within global print markets. Portugal-based Mtex NS is focused on the production and development of digital printing technologies. It is present in more than 40 countries worldwide, building a global reputation based on an exclusive range of industrial machines adapted to meet a wide variety of markets, such as labeling, packaging and textiles.
In the last year, Mtex NS registered a turnover of around €12 million EUR ($13.5 million USD) and expects this number to reach €40 million EUR ($45 million USD) by 2020. Between 2017 and 2018, the company's investment in assets exceeded €11 million ($12.3 million USD), with €6 million EUR ($6.7 million USD) spent on R&D. After this period of significant investments, Mtex NS is now positioning itself for a period of significant global expansion and business growth. Ring’s role will be to guide the company through this growth stage based on his 30 years of industry experiences and proven accomplishments.
Ring said: ‘Helping to define the next chapter of success for this nimble, entrepreneurial technology base company is extremely exciting for me and I am sure will be the highlight to my professional career.’
Elói Ferreira, the former CEO who founded the company in 2011 and now serves as executive president, said: ‘Michael’s unique experience, combined with his in-depth knowledge of the digital labeling and management, makes him an exceptionally leader to embrace Mtex NS’ growth ambitions in the global marketplace. He has a sense of purpose and passion for high performance and therefore I have no doubt that it will be a very valuable addition to our team.’
The company is also introducing a new corporate brand identity to, ‘reflect an organization that is in the process of reinvention and a legacy of innovation and quality that will also guarantee the opening of doors for the future.’