July 13, 2006
Barberton, OH -- Preferred Rubber today announced the appointment of Kenneth L. Bloom as president and CEO. Bloom is a former President of Associated Materials Incorporated (Siding, Windows and Metal Products Division). Timothy Eburne, current CEO and president, moves to Chairman of the company. Eburne is a partner in Watermill Ventures, of which Preferred is a portfolio company.
At AMI, Bloom played a key role in growing AMI sales from $432MM to $1.1 billion in just over four years, through both organic growth and acquisition. Prior to general management positions, Bloom held various positions in sales and manufacturing. His management style emphasizes employee involvement and a strong customer focus.
Bloom obtained a degree in Mechanical Engineering from Tufts University, followed by an MBA from the University of Connecticut. He is well respected in the industries in which he has been involved. Always active in his customers' markets, he was an executive committee member of the Vinyl Siding Institute. He also serves on the Board of Overseers of the Engineering School at Tufts University. He is married, has three children and resides in Cleveland, Ohio.
Eburne has run Preferred for seven years, growing it through two successful periods. In addition to his continued involvement with the company he will be resuming his duties as an operating Watermill partner.
Preferred Rubber Compounding supplies proprietary and custom mixed rubber compounds, chemical blends and calendered sheet to molders, extruders, mixers and others in the non-tire rubber goods market. Primary industries served include automotive, construction, power generation and roll goods. Preferred is a portfolio company of The Watermill Group of Lexington, Massachusetts (www.watermill.com).
