Mark Burgess to be Named Chief Executive Officer of Industrial Packaging Group
March 14 2014 - 3:38PM
Business Wire
Executive Brings 20 Years of Industrial
Experience
Global alternative asset manager The Carlyle Group (NASDAQ:CG)
today announced that Mark Burgess, former CEO of Graham Packaging
and Anchor Glass, will join Industrial Packaging Group (IPG) as
Chief Executive Officer at the close of Carlyle’s acquisition of
IPG from Illinois Tool Works. Craig Hindman, ITW Executive Vice
President who currently leads IPG, will leave IPG after the closing
and serve in a consulting role.
Brian Bernasek, Managing Director in Carlyle’s U.S. Buyout
group, said, “We are grateful for Craig’s service to IPG and his
legacy of success. Craig is a true professional, and his leadership
has positioned IPG for new ownership and continued growth. I am
also pleased to announce the appointment of Mark to lead the
company upon the closing of this transaction. We welcome Mark to
the Carlyle and IPG families. He is a seasoned executive with
extensive experience leading and growing industrial companies. We
look forward to our partnership.”
Mark Burgess said, “I am excited by this opportunity to join IPG
and work with its talented management team and employees. We see
significant opportunity for IPG’s growth as an independent
company.”
With a decade of experience in the packaging industry, Mr.
Burgess is the former CEO of Graham Packaging Company. Prior to his
role as CEO, he held both the Chief Operating Officer and Chief
Financial Officer positions. Mr. Burgess led the firm as CEO during
Graham’s IPO in 2010 and subsequent sale to Reynolds Group Holdings
in 2011. Prior to his work with Graham, Mr. Burgess served as CEO
and CFO of Anchor Glass Container Corporation, a U.S. manufacturer
of glass containers.
About Industrial Packaging Group
Industrial Packaging Group is a $2.4bn leading manufacturer of
strap, stretch, and protective packaging consumables, tools, and
equipment. It includes the businesses and operations that currently
comprise the Industrial Packaging segment of Illinois Tool Works
Inc. IPG’s products are used to contain, unitize, and protect goods
during manufacturing, transport, and warehousing. Its products are
sold around the world under a broad array of well-known brand
names, including Signode, Strapex, Orgapack, Angleboard, and Mima.
Industrial Packaging Group employs approximately 6,900 people
across six continents.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with approximately $189 billion of assets under management
across 118 funds and 100 fund of funds vehicles as of December 31,
2013. Carlyle's purpose is to invest wisely and create value on
behalf of its investors, many of whom are public pensions. Carlyle
invests across four segments – Corporate Private Equity, Real
Assets, Global Market Strategies and Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial, real
estate, technology & business services, telecommunications
& media and transportation. The Carlyle Group employs more than
1,500 people in 34 offices across six continents.
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
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www.carlyle.com/about-carlyle/market-commentary
The Carlyle GroupLiz Gill, +1
202-729-5385Elizabeth.gill@carlyle.com
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