Glatfelter Corporation announced that Thomas Fahnemann has been appointed to the role of President and CEO, effective immediately. He replaces the Company’s current Chairman and CEO, Dante C. Parrini, who will be leaving the Company following a 25-year career.
In addition, the Board has appointed Kevin M. Fogarty, currently an independent Glatfelter Board Director and Chairman of the Nominating and Corporate Governance Committee, to the role of Non-Executive Chairman. The Company noted that these changes are not related to Glatfelter’s operations, financial reporting or controls, or personal conduct.
Mr. Fahnemann currently serves as Non-Executive Director, Member of the Board and Chairman of the Audit Committee for AustroCel Hallein, GmbH, Amsterdam, the Netherlands. From 2010 to 2017, Mr. Fahnemann served as CEO and Chairman of the Management Board, Semperit Holding AG in Vienna, Austria, where he developed the company’s growth strategy which was instrumental in growing sales and volume while improving the profitability in the industrial sector. He also led the largest acquisition in the history of Semperit Holding. Prior to 2010, he held leadership roles in various fiber- and chemical-based businesses including serving as CEO and Chairman of the Management Board, RHI AG; CEO and Chairman of the Management Board, Lenzing AG; and Vice President, General Manager, KoSa.
In addition, Kevin M. Fogarty will serve in a newly created role as Non-Executive Chairman to Glatfelter’s Board of Directors. The position of Independent Lead Director, currently held by Lee C. Stewart, will no longer exist, however, Mr. Stewart will continue to play an instrumental role on the Company’s Board, including assuming the role of Chairman of the Nominating and Corporate Governance Committee. Mr. Fogarty joined the Board in 2012 and recently retired from Kraton Corporation, Inc., where he served as President, CEO and Director since 2008.
Glatfelter is a leading global supplier of engineered materials.
