BOLTON, Ontario - GPGI Inc. (NYSE:GPGI) announced the appointment of Mohammad Kanaan as Chief Financial Officer and Karen Stone as Chief Human Resources Officer of Husky Technologies, a GPGI business, according to a press release statement.
Kanaan will join the company on June 8, 2026, while Stone’s start date is June 22, 2026.
Kanaan brings over 20 years of international experience in global manufacturing, energy services, and management consulting. He most recently served as Chief Financial Officer of the Replacement Components division at Carrier Global Corporation, where he oversaw supply chain operations and a global profit and loss statement exceeding $1 billion. He previously held senior roles at Schlumberger and Deloitte Canada. Kanaan holds an Executive MBA from Ivey Business School at the University of Western Ontario and is a Certified Management Accountant.
Stone has more than 20 years of experience in human resources leadership. She joins from WESCO International, where she served as Vice President of Human Resources. At WESCO, Stone participated in the company’s $4.5 billion merger with Anixter. She holds credentials from the Wharton School at the University of Pennsylvania and an Honours BA in Labour Relations and Economics from McMaster University.
Robert Domodossola, President and CEO of Husky, stated the appointments represent "a significant milestone for Husky."
GPGI is a diversified, multi-industry platform managed by Resolute Holdings Management Inc. (NYSE:RHLD). The company currently consists of CompoSecure and Husky Technologies.RHLD, with a market capitalization of $948 million and revenue of $766 million over the last twelve months, has experienced significant volatility recently. While the stock delivered a remarkable 239% return over the past year, it has declined 44% year-to-date. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate. Investors can access 11 additional InvestingPro Tips for deeper insights into RHLD’s performance and valuation.
Husky Technologies, founded in 1953, manufactures injection molding machines, molds, hot runners, controllers, and auxiliaries used to produce plastic products including beverage containers, food packaging, medical devices, and consumer electronic parts.
In other recent news, Resolute Holdings Management, Inc. has increased its revolving credit facility to $40 million. This adjustment was made by amending the existing credit agreement, adding $10 million to the total revolving commitments. The agreement involves a group of lenders and JPMorgan Chase Bank, N.A. as the administrative agent, with the material terms remaining unchanged from the previous agreement. Additionally, Resolute Holdings Management has completed its reincorporation from Delaware to Nevada. This change, effective as of 5:00 p.m. Eastern Time, means the company is now governed by Nevada law. The company confirmed that its business operations, management, office locations, assets, liabilities, and contractual obligations remain unchanged despite the move. These developments reflect the company’s ongoing strategic adjustments.
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