Pregis Corporation appoints new CFO

Aug 28, 2007. /Lesprom Network/. Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, has appointed D. Keith LaVanway as the company's vice president and chief financial officer, effective September 19, 2007. Mr. LaVanway has over twenty years of accounting and financial management experience in building materials, medical products, and public accounting. He joins Pregis from Associated Materials Incorporated, a $1.3 billion Cuyahoga Falls, Ohio-based building materials company, where he held the position of Chief Financial Officer for the past six years. Prior to AMI, Mr. LaVanway served as Vice President, Finance at various operating divisions of Nortek, Inc. and also held financial management roles at Abbott Laboratories and Ernst & Young. "Keith brings diverse strategic, financial and operational leadership experience to Pregis," stated Michael McDonnell, Pregis Corporation's president and chief executive officer. "He understands the financial management needs of a dynamic, growing company such as Pregis and will be an invaluable addition to our management team. We are pleased to welcome Keith and look forward to his contributions." Mr. LaVanway will be replacing Timothy J. Cunningham, who has served as the company's vice president and chief financial officer since May 1, 2006. Mr. Cunningham will continue to work with Pregis until the end of 2007 to assist with the transition. "Tim's business and financial leadership was instrumental in the challenging carve-out from Pactiv and the successful establishment of Pregis as a stand-alone, publicly-reporting company. I would like to thank Tim for his contributions, and we are confident he will continue to be successful in his future endeavors," stated Mr. McDonnell. Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply products. The specialty-packaging leader currently operates 45 facilities in 18 countries around the world. Pregis Corporation is a wholly owned subsidiary of Pregis Holding II Corporation.