Glatfelter launches the next steps in its strategic transformation, that will migrate the company from a business unit structure to a functional operating model.
“We have laid the foundation for reshaping our business through a number of actions in 2018, including the first shipment of commercial products from our new state-of-the-art airlaid facility in Fort Smith, Arkansas, acquiring Georgia-Pacific’s European nonwovens business in Steinfurt, Germany, and completing of the sale of the Specialty Papers business. We are now accelerating the next phase of our strategic transformation to leverage our core competencies in engineered materials for maximizing growth opportunities and value for our shareholders,” said Dante C. Parrini, Chairman and Chief Executive Officer. “The initiative being announced today will target an organizational structure that is leaner and built for greater speed and efficiency. By migrating to a functional operating structure, we will create a more integrated and synergistic Company,” Mr. Parrini added.
Glatfelter also announced certain key leadership changes. Samuel L. Hillard, who currently serves as Vice President, Corporate Development & Strategy, has been named Senior Vice President, CFO, effective immediately. He succeeds John P. Jacunski, Executive Vice President and CFO, who is leaving the company to pursue other opportunities. Mr. Hillard will continue to be responsible for corporate development and strategy in addition to serving as CFO. He will continue to report to Mr. Parrini.
Martin Rapp, Senior Vice President and Business Unit President of Composite Fibers, will be leaving the Company effective October 1, 2019. The responsibilities of Mr. Rapp’s current role will be redefined as part of the leadership structure associated with the functional model.
Glatfelter is a leading global supplier of engineered materials.
