Cortec names new president
Cortec CEO, Chairman, and Founder Boris Miksic announced Caleb Pheneger, COO, as the new president of Cortec Corp.
The promotion represents a strategic expansion of Pheneger’s responsibilities as chief operating officer over Cortec’s U.S. and Canadian operations to now include full oversight of Cortec Corp. under the direction of Miksic. The companys says given Pheneger’s stellar performance and multiple promotions over the last 13 years, this appointment promises to open a new chapter of excellence for Cortec, Bionetix, and their customers.
Miksic started at Cortec in 1977 after immigrating to the U.S. and continues leading with a forward-thinking spirit. Looking ahead to the company’s future, he noted that the promotion “signifies the generational change in our organization. After having been at the helm for 48 years, since [Cortec’s] inception in 1977, I felt that the time has come to give a chance to younger managers to take over and bring our Group to the next level.”
The company says the move also encapsulates Miksic’s vision for internal promotion, growth, and innovation. Pheneger joined Cortec straight out of Michigan Technological University in 2012. He was hired as a contract-to-hire chemical engineer by the R&D arm of the company. During his first two years he provided technical service support, completed projects, and performed testing for Cortec Laboratories, Inc. He quickly rose to the position of Production Manager in 2014 and Director of Manufacturing in 2017. In 2022, Miksic created the role of Chief Operating Officer with Pheneger in mind, putting him in charge of operations at Cortec and Bionetix.
“I’m excited with Caleb’s latest promotion . . . continuing on the path of ‘excellence and quality’ that is . . . engraved in Cortec’s logo, in all aspects of Cortec’s business model, new technologies, world class plants and laboratories, excellence in sales and marketing,” said Miksic.
Miksic will continue his role as CEO and chairman, giving him the opportunity to coach Pheneger and his team while expanding market share for holdings in his homeland of Croatia. “As always I will be making investments in our people, processes, new plants, R&D and add . . . acquisitions as necessary to provide for future expansion with a goal towards having successful employees and happy customers globally,” he announced.
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