Packaging Corporation of America Announces Election of Mark W. Kowlzan as Chairman; Paul T. Stecko to Continue to Serve on Bo...
December 16 2015 - 5:00PM
Business Wire
Packaging Corporation of America (NYSE: PKG) announced today
that effective December 31, 2015, Mark W. Kowlzan will become
Chairman & CEO of the company. Mr. Kowlzan has served as CEO
since July 2010.
Paul T. Stecko will step down as non-executive chairman but will
continue to serve on the board of directors. He has also entered
into an agreement with the company to serve as a senior advisor for
strategic matters. Mr. Stecko has served as chairman of the board
since 1999. He served as PCA’s CEO from 1999 to 2010 and as
executive chairman from 2010 to 2013.
Commenting on the announcement, Mr. Stecko said, “The company
and the board will be well served under Mark’s leadership. During
the past five years, Mark has been instrumental in leading the
company’s success in growing our business and creating substantial
shareholder value.”
Mr. Kowlzan commented, “We are very pleased that Paul will
continue to serve PCA as both a director and senior advisor and
remain involved in matters of strategic importance.”
PCA is the fourth largest producer of containerboard and
corrugated packaging products in the United States and the third
largest producer of uncoated freesheet paper in North America. PCA
operates eight paper mills and 94 corrugated products plants and
related facilities.
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version on businesswire.com: http://www.businesswire.com/news/home/20151216006292/en/
Packaging Corporation of AmericaBarbara SessionsINVESTOR
RELATIONS: (877) 454-2509PCA Web Site: www.packagingcorp.com
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