CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Jan. 18, 2018--
AptarGroup, Inc. (NYSE: ATR) Chairman of the Board King Harris will be
retiring effective May 2, 2018, at the Annual Meeting of Stockholders.
The company’s Board of Directors has elected current director George
Fotiades to replace Harris as Chairman upon his retirement.
“After 40 years of insightful guidance and dedicated oversight of Aptar
and its predecessor businesses, King Harris will retire in May,” said
Dr. Joanne Smith, Chairwoman of the company’s Corporate Governance
Committee. Harris had overseen Aptar’s predecessor businesses when they
were part of Pittway Corporation and had served as a director since 1993
when Aptar was spun-off to become a stand-alone public company, and
served as Chairman of the Board since 1995. Smith added, “King Harris is
one of the founders credited with fostering the original vision for
Aptar, as well as working closely with Aptar’s leadership team to
successfully grow the company. Thanks to his energetic leadership and
tireless effort for decades, Aptar has become the innovative leader in
dispensing and drug delivery solutions. He leaves an important legacy at
Aptar and, by extension, in our global markets. Further, we are very
fortunate that George Fotiades will succeed King as the next Chairman
with unanimous and enthusiastic support of the Board. George has
excellent leadership experience and a deep understanding of Aptar’s
strategy, markets and competitive advantages having served as a member
of the Board since 2011.”
Separately, the Board appointed Craig Owens and Jesse Wu to the Board of
Directors effective February 1, 2018. Mr. Owens, 63, is the former Chief
Financial Officer and Administrative Officer of Campbell Soup Company.
In addition, he was the Chairman of the company’s Operating Committee.
Mr. Wu, 61, currently advises private equity firms and previously held
senior leadership roles at Johnson & Johnson, including Chairman of
Johnson & Johnson China and Worldwide Chairman of the company’s Consumer
Healthcare Division.
“I am delighted to welcome Craig and Jesse to our Board of Directors,”
said King Harris, Aptar’s Chairman of the Board. “Craig brings
exceptional experience in global finance and operations and his insight
into the food and beverage markets will be of substantial value to
Aptar. Jesse’s deep understanding of the Asian region, including
considerable transaction experience and exposure to the consumer markets
we serve, will be of great benefit as we look to further penetrate high
growth economies around the globe. Our Board is looking forward to the
contributions that Craig and Jesse will make as we continue to deliver
value to our customers and shareholders.”
AptarGroup, Inc. is a leading global supplier of a broad range of
innovative dispensing 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 Latin
America. For more information, visit www.aptar.com.
This press release contains forward-looking statements, including
statements regarding Aptar’s growth opportunities. Words such as
“expects,” “anticipates,” “believes,” “estimates,” “future,” “potential”
and other similar expressions or future or conditional verbs such as
“will,” “should,” “would” and “could” are intended to identify such
forward-looking statements. 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, our actual results may differ
materially from those expressed or implied in such forward-looking
statements due to known or unknown risks and uncertainties that exist in
our operations and business environment including, but not limited to,
the possible impact and consequences of the fire at the Company’s
facility in Annecy, France; the impact and extent of contamination found
at the Company’s facility in Brazil; economic conditions worldwide
including potential deflationary conditions in regions we rely on for
growth; political conditions worldwide; significant fluctuations in
foreign currency exchange rates or our effective tax rate; changes in
customer and/or consumer spending levels; financial conditions of
customers and suppliers; consolidations within our customer or supplier
bases; fluctuations in the cost of materials, components and other input
costs; the availability of raw materials and components; our ability to
successfully implement facility expansions and new facility projects;
our ability to increase prices, contain costs and improve productivity;
changes in capital availability or cost, including interest rate
fluctuations; volatility of global credit markets; cybersecurity threats
that could impact our networks and reporting systems; fiscal and
monetary policies and other regulations, including changes in tax rates;
direct or indirect consequences of acts of war or terrorism; work
stoppages due to labor disputes; and competition, including
technological advances. For additional information on these and other
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.
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Source: AptarGroup, Inc.
AptarGroup, Inc.
Matthew DellaMaria
815-477-0424