Aptar Announces Chairman King Harris to Retire in May; George Fotiades Elected as Incoming Chairman of the Board; Two New Dir...
January 18 2018 - 6:14PM
Business Wire
AptarGroup, Inc. (NYSE: ATR) Chairman of the Board King Harris
will be retiring effective May 2, 2018, at the Annual Meeting of
Stockholders. The company’s Board of Directors has elected current
director George Fotiades to replace Harris as Chairman upon his
retirement.
“After 40 years of insightful guidance and dedicated oversight
of Aptar and its predecessor businesses, King Harris will retire in
May,” said Dr. Joanne Smith, Chairwoman of the company’s Corporate
Governance Committee. Harris had overseen Aptar’s predecessor
businesses when they were part of Pittway Corporation and had
served as a director since 1993 when Aptar was spun-off to become a
stand-alone public company, and served as Chairman of the Board
since 1995. Smith added, “King Harris is one of the founders
credited with fostering the original vision for Aptar, as well as
working closely with Aptar’s leadership team to successfully grow
the company. Thanks to his energetic leadership and tireless
effort for decades, Aptar has become the innovative leader in
dispensing and drug delivery solutions. He leaves an important
legacy at Aptar and, by extension, in our global markets. Further,
we are very fortunate that George Fotiades will succeed King as the
next Chairman with unanimous and enthusiastic support of the Board.
George has excellent leadership experience and a deep understanding
of Aptar’s strategy, markets and competitive advantages having
served as a member of the Board since 2011.”
Separately, the Board appointed Craig Owens and Jesse Wu to the
Board of Directors effective February 1, 2018. Mr. Owens, 63, is
the former Chief Financial Officer and Administrative Officer of
Campbell Soup Company. In addition, he was the Chairman of the
company’s Operating Committee. Mr. Wu, 61, currently advises
private equity firms and previously held senior leadership roles at
Johnson & Johnson, including Chairman of Johnson & Johnson
China and Worldwide Chairman of the company’s Consumer Healthcare
Division.
“I am delighted to welcome Craig and Jesse to our Board of
Directors,” said King Harris, Aptar’s Chairman of the Board. “Craig
brings exceptional experience in global finance and operations and
his insight into the food and beverage markets will be of
substantial value to Aptar. Jesse’s deep understanding of the Asian
region, including considerable transaction experience and exposure
to the consumer markets we serve, will be of great benefit as we
look to further penetrate high growth economies around the globe.
Our Board is looking forward to the contributions that Craig and
Jesse will make as we continue to deliver value to our customers
and shareholders.”
AptarGroup, Inc. is a leading global supplier of a broad range
of innovative dispensing solutions 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 Latin America. For more information, visit
www.aptar.com.
This press release contains forward-looking statements,
including statements regarding Aptar’s growth opportunities. Words
such as “expects,” “anticipates,” “believes,” “estimates,”
“future,” “potential” and other similar expressions or future or
conditional verbs such as “will,” “should,” “would” and “could” are
intended to identify such forward-looking statements.
Forward-looking statements are made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 and are based on our
beliefs as well as assumptions made by and information currently
available to us. Accordingly, our actual results may differ
materially from those expressed or implied in such forward-looking
statements due to known or unknown risks and uncertainties that
exist in our operations and business environment including, but not
limited to, the possible impact and consequences of the fire at the
Company’s facility in Annecy, France; the impact and extent of
contamination found at the Company’s facility in Brazil; economic
conditions worldwide including potential deflationary conditions in
regions we rely on for growth; political conditions worldwide;
significant fluctuations in foreign currency exchange rates or our
effective tax rate; changes in customer and/or consumer spending
levels; financial conditions of customers and suppliers;
consolidations within our customer or supplier bases; fluctuations
in the cost of materials, components and other input costs; the
availability of raw materials and components; our ability to
successfully implement facility expansions and new facility
projects; our ability to increase prices, contain costs and improve
productivity; changes in capital availability or cost, including
interest rate fluctuations; volatility of global credit markets;
cybersecurity threats that could impact our networks and reporting
systems; fiscal and monetary policies and other regulations,
including changes in tax rates; direct or indirect consequences of
acts of war or terrorism; work stoppages due to labor disputes; and
competition, including technological advances. For additional
information on these and other risks and uncertainties, please see
our filings with the Securities and Exchange Commission, including
the discussion under “Risk Factors” and “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” in
our Form 10-Ks and Form 10-Qs. We undertake no obligation to update
any forward-looking statements, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180118006484/en/
AptarGroup, Inc.Matthew DellaMaria815-477-0424
AptarGroup (NYSE:ATR)
Historical Stock Chart
From Aug 2024 to Sep 2024
AptarGroup (NYSE:ATR)
Historical Stock Chart
From Sep 2023 to Sep 2024