MOD-PAC CORP. Appoints David B. Lupp as Chief Operating Officer
September 18 2008 - 8:00AM
Business Wire
MOD-PAC CORP. (NASDAQ: MPAC), an on-demand commercial printer and
manufacturer of custom paper board packaging, announced that
effective September 18, 2008, its Board of Directors has appointed
David B. Lupp as Chief Operating Officer in addition to his role as
Chief Financial Officer. Mr. Lupp will assume day-to-day
responsibilities for all operational and management aspects of the
company. Mr. Daniel G. Keane, President and CEO of MOD-PAC CORP.,
commented, �Over the past year, Dave has been instrumental in
identifying opportunities to optimize our operations and reduce
costs. He has smoothly implemented these changes within our
organization demonstrating the strength of his leadership skills.
We believe that in his expanded role, Dave will be a leading driver
of change and improving overall performance at MOD-PAC. I look
forward to partnering with Dave to develop and execute both
strategic and tactical plans for the Company�s future growth.�
Prior to joining MOD-PAC in January 2006 as Chief Financial
Officer, Mr. Lupp, a Certified Public Accountant, began his career
at KPMG LLP and had subsequently held senior level financial
officer positions with other manufacturing companies for over
twenty years. MOD-PAC also announced that Mr. Daniel J. Geary,
Controller, has been appointed Vice President of Finance. Mr.
Geary, a Certified Public Accountant, joined MOD-PAC in February
2005 as Controller. He previously was employed at Eastman Kodak
Company and Deloitte & Touche LLP. In addition to these
management changes, Philip C. Rechin, Vice President of Sales, has
been given expanded responsibilities. In addition to managing the
sales efforts for custom folding cartons, Mr. Rechin is now also
leading the activities for the commercial print and mailing
services and stock box product line sales. Mr. Rechin joined
MOD-PAC in 1986 and has served as Vice President of Sales for
custom folding cartons since 2000. Under his direction, custom
folding carton sales have almost doubled from $15 million to $29
million annually. ABOUT MOD-PAC CORP. MOD-PAC CORP. is a high
value-added, on demand print services firm operating a unique
low-cost business model. MOD-PAC leverages its capabilities to
innovate and aggressively integrate technology into its marketing,
order in-take and production operations to provide
economically-priced, short run, on demand, full-color commercial
and folding carton print products and services. MOD-PAC also offers
data management and direct mail and fulfillment service
capabilities. MOD-PAC, through its large, centralized facility, has
captured significant economies of scale by channeling large numbers
of small-to-medium-sized print orders through its operations.
MOD-PAC�s key differentiator is its success at being a just-in-time
producer of short-run, quality on demand print products. Through
its lean manufacturing processes coupled with state-of-the-art
printing technologies, MOD-PAC is able to address short-run, highly
variable content needs of its customers with short turn around
times relative to industry standards. MOD-PAC�s strategy is to
expand its market share by leveraging its capabilities and
expanding its service offering to capture a greater share of the
print value chain to meet the growing customized needs of its
customers. This and other information which MOD-PAC regularly posts
on its website, can be found at: http://www.modpac.com.
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