Victaulic has announced the appointment of Rick Bucher as CEO, succeeding John Malloy, effective Jan. 31, 2021. Bucher was named president of Victaulic in April of 2020, following a June 2019 appointment as chief operating officer. Prior to joining Victaulic in 2009 as vice president of engineering, Bucher worked for 15 years for W.L. Gore, a manufacturer of technologically advanced composite materials. He received a Bachelor of Science and Master of Science in engineering from Rice University and a Ph.D. in material science from Virginia Tech.

Malloy, who will remain chairman of Victaulic's Board, commented, "Rick has consistently demonstrated the intelligence, judgement and courage to make wise and sometimes difficult decisions while preserving the compassion and concern for everyone associated with Victaulic — employees, customers, shareholders and our community. Since joining Victaulic in 2009, Rick has reinforced Victaulic's long-standing commitment to innovation. Under his leadership Victaulic's patent portfolio has grown substantially with the issuance of over 3,200 patents globally while our research and development organization has doubled in size."