Glatfelter appointed Dante Parrini as new President and CEO

Jun 04, 2010. /Lesprom Network/. Glatfelter announced an executive succession plan under which Chairman and CEO George H. Glatfelter II will retire as CEO on December 31, 2010, and Dante C. Parrini, the company’s Executive Vice President and COO, will be promoted to President and CEO concurrent with Mr. Glatfelter’s retirement. Mr. Parrini also will join the company’s Board of Directors effective immediately. Mr. Glatfelter, who has been Chairman since 2000 and CEO since 1998, will remain on the company’s Board of Directors as its Non-Executive Chairman for a brief transitional period, after which time a new Chairman will be elected. Mr. Parrini has been with the company for 12 years. “I am honored that George and the Board of Directors are entrusting me with the responsibility to lead Glatfelter into this next chapter of its storied corporate history,” Mr. Parrini said. “Over the years, George has set a high standard for all of us in terms of his knowledge of the company, its culture and the industry, as well as his appreciation and respect for customers and Glatfelter people around the world. As I look to the future, I am committed to accelerating our progress in our specialization, globalization and continuous improvement initiatives. I believe that all three of our business units have the ability to continue to gain market share and increase their specialization focus. As Glatfelter continues to expand in scale and develop new lines of business, it will be important for us to leverage organic growth as a key driver of future earnings while maintaining a strong balance sheet in order to provide financial flexibility.” Glatfelter’s Board of Directors has been actively involved in the succession planning process since first advised by Mr. Glatfelter of his retirement interest. The Board’s succession planning capabilities were augmented by external consultants engaged by the Board’s Nominating and Corporate Governance Committee to facilitate the process and ensure best practices in the succession planning process. After a thorough and deliberate process, the Board unanimously elected Mr. Parrini as the successor to Mr. Glatfelter. Glatfelter is a global manufacturer of specialty papers and engineered products, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA and Chillicothe and Fremont, OH. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, a representative office in China and a sales and distribution office in Russia.