AptarGroup Declares Quarterly Dividend; CEO Stephen Hagge to Retire at End of the Year
July 13 2016 - 5:00PM
Business Wire
The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today
declared a quarterly cash dividend of $0.30 per share. The payment
date is August 17, 2016, to stockholders of record as of July 27,
2016.
Also, after 35 years of service with AptarGroup, President and
CEO, Stephen Hagge has informed the Board of Directors that he
plans to retire at the end of the year. Mr. Hagge intends to
continue to serve as a director of AptarGroup. The Board is
conducting a formal evaluation of internal and external candidates
before naming a successor.
Hagge commented, “It’s not an easy decision to retire from such
a great company like Aptar. I’ll be 65 at the end of the year, I
have good health, and I’m happy to be moving on to the next phase
of my life where I can spend more time with my family. It’s been a
tremendously exciting and rewarding career and I am very fortunate
to have been a part of the stellar long-term performance of this
organization. We have a very talented and experienced management
team and an exceptionally dedicated global workforce. I expect a
smooth transition once a successor has been named by the Board. I
have no doubt that Aptar will continue to lead the industry in
dispensing and sealing solutions for many years to come. I plan to
continue to serve on our Board and I look forward to contributing
to our future success.”
Board Chairman, King Harris, said, “Steve has been an integral
part of our senior leadership team for over three decades. Under
his guidance as CEO, Aptar completed two of the largest
acquisitions in our history and the Company achieved record annual
sales and earnings per share. We are grateful for his leadership
and dedication over the many years which helped make Aptar the
leader in our industry.”
Harris concluded, “The Board is very confident that our
experienced senior management team will ensure a smooth and
successful transition for the new CEO. We are conducting a thorough
evaluation of internal and external candidates and expect to
announce a successor soon.”
As previously announced, AptarGroup will hold a conference call
on Friday, July 29, 2016, at 8:00 a.m. Central Time to discuss the
Company’s second quarter results for 2016. The call will last
approximately one hour. Interested parties are invited to listen to
a live webcast by visiting the Investor Relations page at
www.aptar.com. Replay of the conference call can also be accessed
for a limited time on the Investor Relations page of the
website.
AptarGroup, Inc. is a leading global supplier of a broad range
of innovative dispensing systems for the beauty, personal care,
home care, prescription drug, consumer health care, injectables,
food, and beverage markets. AptarGroup is headquartered in Crystal
Lake, Illinois, with manufacturing facilities in North America,
Europe, Asia and South America. For more information, visit
www.aptar.com.
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AptarGroup, Inc.Matthew DellaMaria815-477-0424
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