FiberMark announces departure of Duncan Middleton, president
Sep 14, 2005. FiberMark, Inc. announced that A. Duncan Middleton, who has served as FiberMark's president since January 2002, has left the company to pursue other interests.
Sep 14, 2005. /Lesprom Network/. FiberMark, Inc. announced that A. Duncan Middleton, who has served as FiberMark's president since January 2002, has left the company to pursue other interests. Alex Kwader, chairman of the board and chief executive officer, will assume Middleton's responsibilities and the position will not be filled at this time. Middleton will no longer serve as a member of the board of directors.
Middleton's departure reflects the continuing need to balance the company's organizational resources with the size of its business, as well as pending chapter 11 ownership changes, according to Kwader. “We thank Duncan for his service and many contributions to FiberMark during the past few years,” Mr. Kwader said.
The company has indicated that it expects to emerge from chapter 11 by the end of 2005. A transition to a new board of directors, whose members have been named, is expected following the company's emergence.
FiberMark, headquartered in Brattleboro, Vermont, is a leading producer of specialty fiber-based materials meeting industrial and consumer needs worldwide, operating 11 facilities in the eastern United States and Europe. Products include filter media for transportation and vacuum cleaner bags; base materials for specialty tapes, electrical and graphic arts applications; wallpaper, building materials and sandpaper; and cover/decorative materials for office and school supplies, publishing, printing and premium packaging.