Neenah, Inc. announced that Sean T. Erwin and John F. McGovern will not stand for re-election when their terms expire in May 2019 and that Tony R. Thene has been appointed to its Board of Directors as an independent director effective February 1, 2019. Mr. Thene will be part of the class of directors whose term of office will expire at the 2019 annual meeting, when he will be nominated for election to a three-year term.
Mr. Thene currently serves as CEO of Carpenter Technology Corporation, a leader in specialty alloy-based materials and process solutions. He began his career at Carpenter as CFO in 2013 and prior to that worked at Alcoa Inc. in various senior financial and accounting leadership positions.
With the addition of Mr. Thene, Neenah's board now consists of nine directors, eight of whom meet New York Stock Exchange standards for independence.
In connection with Sean T. Erwin's notice to the Board that he will not stand for re-election in 2019, the Board appointed William M. Cook to serve as Chairman of the Board, to be effective with the Company's 2019 Annual Meeting of Shareholders.
Neenah is a leading global specialty materials company. Key products and markets include advanced filtration media, specialized performance substrates used for digital transfer, tape and abrasive backings, labels and other products, and premium printing and packaging papers.
