Mr. Cook has held the position since February 2012. The Company has initiated a search to find a permanent replacement for Mr. Cook. In the interim, Bob Cardin, the Company's Controller, will assume the role of acting CFO and report to Frederic Villoutreix, the Company's CEO.
In addition, Stephen Dunmead, the Company's Chief Operating Officer, will resign from the Company to pursue other opportunities effective April 15, 2015. Mr. Dunmead has held the position since March 2013. There are no immediate plans to replace Mr. Dunmead in the Chief Operating Officer role and his responsibilities will be assumed by Mr. Villoutreix.
SWM is a leading global provider of highly engineered solutions and advanced materials for a variety of industries.