CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Jul. 13, 2016--
The Board of Directors of AptarGroup, Inc. (NYSE: ATR) today declared a
quarterly cash dividend of $0.30 per share. The payment date is August
17, 2016, to stockholders of record as of July 27, 2016.
Also, after 35 years of service with AptarGroup, President and CEO,
Stephen Hagge has informed the Board of Directors that he plans to
retire at the end of the year. Mr. Hagge intends to continue to serve as
a director of AptarGroup. The Board is conducting a formal evaluation of
internal and external candidates before naming a successor.
Hagge commented, “It’s not an easy decision to retire from such a great
company like Aptar. I’ll be 65 at the end of the year, I have good
health, and I’m happy to be moving on to the next phase of my life where
I can spend more time with my family. It’s been a tremendously exciting
and rewarding career and I am very fortunate to have been a part of the
stellar long-term performance of this organization. We have a very
talented and experienced management team and an exceptionally dedicated
global workforce. I expect a smooth transition once a successor has been
named by the Board. I have no doubt that Aptar will continue to lead the
industry in dispensing and sealing solutions for many years to come. I
plan to continue to serve on our Board and I look forward to
contributing to our future success.”
Board Chairman, King Harris, said, “Steve has been an integral part of
our senior leadership team for over three decades. Under his guidance as
CEO, Aptar completed two of the largest acquisitions in our history and
the Company achieved record annual sales and earnings per share. We are
grateful for his leadership and dedication over the many years which
helped make Aptar the leader in our industry.”
Harris concluded, “The Board is very confident that our experienced
senior management team will ensure a smooth and successful transition
for the new CEO. We are conducting a thorough evaluation of internal and
external candidates and expect to announce a successor soon.”
As previously announced, AptarGroup will hold a conference call on
Friday, July 29, 2016, at 8:00 a.m. Central Time to discuss the
Company’s second quarter results for 2016. The call will last
approximately one hour. Interested parties are invited to listen to a
live webcast by visiting the Investor Relations page at www.aptar.com.
Replay of the conference call can also be accessed for a limited time on
the Investor Relations page of the website.
AptarGroup, Inc. is a leading global supplier of a broad range of
innovative dispensing systems 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.
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Source: AptarGroup, Inc.
AptarGroup, Inc.
Matthew DellaMaria
815-477-0424