Bemis Company Announces Leadership Transition
August 07 2014 - 4:00PM
Business Wire
William F. Austen Elected President, Chief Executive Officer,
and Director
The Board of Directors of Bemis Company, Inc. (NYSE:BMS)
announced today that William F. Austen, 55, has been elected
President and Chief Executive Officer, effective immediately.
Austen succeeds Henry J. Theisen, 60, who will continue as
Executive Chairman of Bemis Company, Inc. until his planned
retirement at the 2015 Annual Meeting of Shareholders. In addition,
Austen has been elected to the Bemis Board of Directors.
"Bill is a proven leader with in-depth knowledge of all aspects
of Bemis," said Theisen. "He brings a passion and commitment to
helping our customers solve their most challenging packaging needs.
He is a respected leader in the packaging industry and is uniquely
qualified to lead Bemis into its next phase of growth. On behalf of
the Board, I congratulate Bill on his new role and look forward to
Bemis' continued growth and success in the years ahead."
Commenting on the management succession, Timothy Manganello,
Independent Lead Director of the Board of Bemis Company, Inc. said,
"The Board is confident in the future of the Company under Bill
Austen’s leadership. On behalf of the Board, I also thank Henry for
his numerous contributions to Bemis Company over his distinguished
38 year career. Under his leadership, Bemis completed the largest
acquisition in Company history, increasing total revenue
approximately 40 percent. He also established a strategic footprint
in Asia-Pacific and divested non-core assets to focus the Company
on its target end-markets. Henry’s dedication to innovation and
material science has shaped Bemis’ competitive advantage and
positioned the Company for future success.”
Austen has held a variety of leadership positions during his
14-year career with Bemis. After joining Bemis in 2000 as President
of Bemis’ Pressure Sensitive Materials division, he was elected
Vice President of Operations in 2004, Group President in 2012, and
Executive Vice President and Chief Operating Officer in 2013. Prior
to joining Bemis, Austen spent 20 years in various leadership
positions at General Electric Company. He holds a Bachelor of
Engineering Degree in Marine Engineering from the State University
of New York Maritime College and a Master’s Degree in Engineering
Administration from George Washington University.
ABOUT BEMIS COMPANY, INC.Bemis Company, Inc. (“Bemis” or
the “Company”) is a major supplier of packaging and pressure
sensitive materials used by leading food, consumer products,
healthcare, and other companies worldwide. Founded in 1858, Bemis
is included in the S&P 500 index of stocks and reported 2013
net sales of $5.0 billion. Bemis has a strong technical base in
polymer chemistry, film extrusion, coating and laminating,
printing, and converting. Headquartered in Neenah, Wisconsin, Bemis
employs approximately 19,000 individuals worldwide. More
information about Bemis is available at our website,
www.bemis.com.
Bemis Company Inc.Erin M. Winters, 920-527-5288Director of
Investor Relations
Bemis (NYSE:BMS)
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