Schweitzer-Mauduit International, Inc. (SWM), announces that Frédéric Villoutreix, who has served as CEO and Chairman of the Board since 2009, will be departing the Company effective May 5, 2017.
The Board of Directors initiated the search for his successor at the request of Mr. Villoutreix, who expressed his view that the time was right for him personally and professionally to transition out of the CEO and Chairman roles.
After an exhaustive search to identify the successor who would continue to build upon the strong foundation of growth established over the last several years, SWM's Board of Directors has named Jeffrey Kramer, PhD as CEO of the Company. Dr. Kramer, who will also become a member of the Board of Directors, will join the Company on April 21 and serve as Co-CEO with Mr. Villoutreix until May 5. Subsequent to that transition period he will become the sole CEO.
Following his departure date, Mr. Villoutreix will provide consulting services to the Board and CEO as requested through February 28, 2018.
K.C. Caldabaugh, Board director since SWM's spin-off from Kimberly-Clark in 1995, will be named as Non-Executive Chairman of the Board, effective April 21, 2017.
SWM is a leading global provider of highly engineered solutions and advanced materials.
