CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Nov. 22, 2016--
AptarGroup, Inc. (NYSE: ATR), a global leader in innovative dispensing
and sealing solutions, today announced that Stephan B. Tanda has been
appointed by the Board of Directors to succeed Stephen J. Hagge as
President and CEO. Mr. Tanda will join Aptar on February 1, 2017 and
become a member of its Board of Directors. Aptar previously announced
Mr. Hagge’s decision to retire after 35 years of distinguished service
to the Company. Mr. Hagge will remain employed with the Company until
his retirement on March 31, 2017 and he intends to remain on its Board
of Directors.
Board Chairman, King Harris, stated, “We are delighted that Stephan will
join and lead our strong management team. He has had an impressive
career at Royal DSM NV and has played a key role in expanding its
nutrition cluster.”
Mr. Tanda currently serves as an Executive Managing Board Director at
DSM and oversees its approximately $5.5 billion global Nutrition
business as well as its Pharma joint ventures and business interests in
the Americas. DSM is a leading global supplier of ingredients and
material solutions for the food, dietary supplement, personal care,
medical device, automotive, paint, electronic and bio-material markets.
A native of Austria, Mr. Tanda has a degree in plastics engineering from
the University of Leoben (Austria) and has a Master’s in Business
Administration (MBA) from the Wharton School of the University of
Pennsylvania (USA). Prior to joining DSM, he served for three years as
President and CEO of Freudenberg Nonwovens Group after spending over
twelve years with DuPont where he lived in multiple locations in Europe
and the U.S. as he assumed increasing responsibilities that included
operations, P&L management, strategic planning, business development and
leadership of a joint venture.
Mr. Harris said, “The Board is very confident in a smooth transition.
Aptar is in an excellent position to continue to execute our strategy
and grow and shape the future of dispensing and sealing solutions thanks
to Steve Hagge’s leadership and the work of our experienced senior
management team. Stephan Tanda brings extensive global experience
building and leading successful business-to-business organizations in
several markets currently served by Aptar. He also has transactional and
integration experience and shares our passion for innovation,
operational excellence and strong company culture.”
“I am deeply honored to join such a highly professional organization
operating in attractive markets with a tremendous track record of
creating value for all stakeholders. I look forward to working with
Steve and the strong management team to continue the growth journey,
driven by creating winning solutions for innovative customers around the
world,” said Mr. Tanda, commenting on his appointment.
AptarGroup, Inc. is a leading global supplier of a broad range of
innovative dispensing and sealing solutions for the beauty, personal
care, home care, prescription drug, consumer health care, injectables,
food and beverage markets. AptarGroup is headquartered in Crystal Lake,
Illinois, with manufacturing facilities in North America, Europe, Asia
and South America. For more information, visit www.aptar.com.
This press release contains forward-looking statements regarding our
management plans and business prospects. Forward-looking statements are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934 and are based on our beliefs as well as assumptions made by and
information currently available to us. Accordingly, actual outcomes may
differ materially from those expressed or implied in such
forward-looking statements due to known or unknown risks and
uncertainties. For additional information on these risks and
uncertainties, please see our filings with the Securities and Exchange
Commission, including the discussion under “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” in our Form 10-Ks and Form 10-Qs. We undertake no
obligation to update any forward-looking statements, whether as a result
of new information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161121006185/en/
Source: AptarGroup, Inc.
AptarGroup, Inc.
Matthew DellaMaria
815-477-0424