Glatfelter, tweaking business model, names new CFO
Glatfelter said today it is realigning its business model and making leadership changes following a series of corporate moves in 2018, including a sale of what was its largest business unit.
The realignment will create an “organizational structure that is leaner and built for greater speed and efficiency,” Dante C. Parrini, Glatfelter's chairman and CEO, said a news release.
Glatfelter last year sold its Spring Grove-based specialty papers business unit to a private investment firm in New York.
The York-based company also began shipping commercial products from its new airlaid facility in Fort Smith, Arkansas, and acquired Georgia-Pacific’s European nonwovens business in Steinfurt, Germany, the release noted.
The next steps will involve a team of individuals leading function-specific work streams.
Samuel L. Hillard, the current vice president of corporate development and strategy has been named senior vice president and CFO, effective immediately. Hillard succeeds John P. Jacunksi, executive vice president and CFO, who is leaving the company to pursue other opportunities. Hillard will continue to be responsible for corporate development and strategy.
Martin Rapp, senior vice president and business unit president of composite fibers, will be leaving the company in October. Rapp’s current role will be redefined.
Glatfelter is a global supplier of engineered materials. The company’s annualized net sales are approximately $950 million. It has customers in over 100 countries and approximately 2,600 employees worldwide.