AptarGroup Announces CEO Succession Plan
November 22 2016 - 2:00AM
Business Wire
AptarGroup, Inc. (NYSE: ATR), a global leader in innovative
dispensing and sealing solutions, today announced that Stephan B.
Tanda has been appointed by the Board of Directors to succeed
Stephen J. Hagge as President and CEO. Mr. Tanda will join Aptar on
February 1, 2017 and become a member of its Board of Directors.
Aptar previously announced Mr. Hagge’s decision to retire after 35
years of distinguished service to the Company. Mr. Hagge will
remain employed with the Company until his retirement on March 31,
2017 and he intends to remain on its Board of Directors.
Board Chairman, King Harris, stated, “We are delighted that
Stephan will join and lead our strong management team. He has had
an impressive career at Royal DSM NV and has played a key role in
expanding its nutrition cluster.”
Mr. Tanda currently serves as an Executive Managing Board
Director at DSM and oversees its approximately $5.5 billion global
Nutrition business as well as its Pharma joint ventures and
business interests in the Americas. DSM is a leading global
supplier of ingredients and material solutions for the food,
dietary supplement, personal care, medical device, automotive,
paint, electronic and bio-material markets. A native of Austria,
Mr. Tanda has a degree in plastics engineering from the University
of Leoben (Austria) and has a Master’s in Business Administration
(MBA) from the Wharton School of the University of Pennsylvania
(USA). Prior to joining DSM, he served for three years as President
and CEO of Freudenberg Nonwovens Group after spending over twelve
years with DuPont where he lived in multiple locations in Europe
and the U.S. as he assumed increasing responsibilities that
included operations, P&L management, strategic planning,
business development and leadership of a joint venture.
Mr. Harris said, “The Board is very confident in a smooth
transition. Aptar is in an excellent position to continue to
execute our strategy and grow and shape the future of dispensing
and sealing solutions thanks to Steve Hagge’s leadership and the
work of our experienced senior management team. Stephan Tanda
brings extensive global experience building and leading successful
business-to-business organizations in several markets currently
served by Aptar. He also has transactional and integration
experience and shares our passion for innovation, operational
excellence and strong company culture.”
“I am deeply honored to join such a highly professional
organization operating in attractive markets with a tremendous
track record of creating value for all stakeholders. I look forward
to working with Steve and the strong management team to continue
the growth journey, driven by creating winning solutions for
innovative customers around the world,” said Mr. Tanda, commenting
on his appointment.
AptarGroup, Inc. is a leading global supplier of a broad range
of innovative dispensing and sealing 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 South America. For more information,
visit www.aptar.com.
This press release contains forward-looking statements regarding
our management plans and business prospects. 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, actual outcomes may differ materially from those
expressed or implied in such forward-looking statements due to
known or unknown risks and uncertainties. For additional
information on these 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161121006185/en/
AptarGroup, Inc.Matthew DellaMaria815-477-0424
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