NORTHBROOK, Ill., Sept. 21, 2016 /PRNewswire/ -- KapStone
Paper and Packaging Corporation (NYSE: KS) ("the Company") today
announced that effective January 1,
2017, Roger Stone is stepping
down as KapStone's Chief Executive Officer. Roger will continue to
be an integral part of the KapStone organization, as he will retain
his role as Executive Chairman of the Board.
Matt Kaplan will assume the
responsibilities of the CEO and continue as the Company's
President. Matt has served as Chief Operating Officer as well
as President and Director of the Company since its inception in
2005. Matt's 39 year career in paper and packaging also
includes serving as Stone Container's Senior Vice President and
General Manager of North American Operations, Smurfit-Stone
Container Corporation's Vice President and General Manager
Container Division and Director, and Box USA Holdings, Inc.'s President, Chief
Operating Officer and Director.
Randy Nebel will be promoted to
Executive Vice President of Integrated Packaging, responsible for
both the Company's Mill and Corrugated Container operations.
Randy has been Vice President and General Manager of the Company
and President of the Company's Mill Division since August 2013. Previously, Randy served as
President of Longview Fibre Paper and Packaging, Inc. from 2008 to
2013 and as its Vice President of Mill Operations and Chief
Operating Officer from 2008 to 2009. The Company acquired
Longview in July 2013.
Tim Keneally will retire from his
position as Vice President, General Manager and President of the
Container Division. However, Tim has agreed to continue to
assist in the Company's important ongoing efforts to increase
integration levels.
Bill Kessinger, currently Vice
President and Mill Manager at Roanoke Rapids, will be promoted to
Vice President and General Manager of the Mill system, and
Pat Ortiz, currently Mill Division
Director of Engineering, Environmental Affairs, and Safety, will be
promoted to Vice President and General Manager of the Corrugated
Container system.
About the Company
Headquartered in Northbrook,
IL, KapStone Paper and Packaging Corporation is the fifth
largest producer of containerboard and corrugated packaging
products and is the largest kraft paper producer in the United States. The Company has four paper
mills, 22 converting plants and 65 distribution
centers. The business has approximately 6,300
employees.
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SOURCE KapStone Paper and Packaging Corporation