08.16.24
Glatfelter Corporation and Berry Global Group have announced additional designees for the board of directors for the combined company, which will be called Magnera following the merger. The Magnera board of directors will consist of nine directors, with five directors designated by Berry, three directors designated by Glatfelter and the CEO.
As previously announced, Kevin Fogarty, current non-executive chair of Glatfelter, will continue in the same role on the Magnera board and Curt Begle, current president of Berry’s Health, Hygiene and Specialties Division, will serve as Magnera’s CEO and as a director of Magnera. Glatfelter and Berry today announce the following additional director designees, to also be appointed as of closing:
• Bruce Brown, former CTO for Procter & Gamble and current Director of Glatfelter
• Michael Curless, former chief investment officer and chief customer officer for Prologis
• Thomas M. Fahnemann, current director and president and CEO of Glatfelter
• Samantha Marnick, former COO, President Commercial for Spirit AeroSystems
• Carl J. (Rick) Rickertsen, managing partner of Pine Creek Partners and current director of Berry
• Thomas (Tom) E. Salmon, former CEO and chairman of Berry
Continuing Glatfelter board members were designated by Glatfelter and the others were designated by Berry. Under the transaction agreement, there remains one additional director position for the Magnera Board to be designated by Berry, which will take place at a later time. As a result of these designations, four of Glatfelter’s current directors, Kathleen Dahlberg, Marie Gallagher, Darrel Hackett and J. Robert Hall will retire from the Glatfelter board upon closing of the transaction.
“This announcement is a significant step forward in our process to complete the merger of Glatfelter and Berry’s HHNF business and operate as one under the new Magnera name. I am very pleased with the level of expertise, diverse perspectives, and passion this collective group of professionals brings to the Magnera Board. Their leadership and thoughtful contributions will provide tremendous value to our shareholders, customers and employees,” says Begle.
As previously announced, Kevin Fogarty, current non-executive chair of Glatfelter, will continue in the same role on the Magnera board and Curt Begle, current president of Berry’s Health, Hygiene and Specialties Division, will serve as Magnera’s CEO and as a director of Magnera. Glatfelter and Berry today announce the following additional director designees, to also be appointed as of closing:
• Bruce Brown, former CTO for Procter & Gamble and current Director of Glatfelter
• Michael Curless, former chief investment officer and chief customer officer for Prologis
• Thomas M. Fahnemann, current director and president and CEO of Glatfelter
• Samantha Marnick, former COO, President Commercial for Spirit AeroSystems
• Carl J. (Rick) Rickertsen, managing partner of Pine Creek Partners and current director of Berry
• Thomas (Tom) E. Salmon, former CEO and chairman of Berry
Continuing Glatfelter board members were designated by Glatfelter and the others were designated by Berry. Under the transaction agreement, there remains one additional director position for the Magnera Board to be designated by Berry, which will take place at a later time. As a result of these designations, four of Glatfelter’s current directors, Kathleen Dahlberg, Marie Gallagher, Darrel Hackett and J. Robert Hall will retire from the Glatfelter board upon closing of the transaction.
“This announcement is a significant step forward in our process to complete the merger of Glatfelter and Berry’s HHNF business and operate as one under the new Magnera name. I am very pleased with the level of expertise, diverse perspectives, and passion this collective group of professionals brings to the Magnera Board. Their leadership and thoughtful contributions will provide tremendous value to our shareholders, customers and employees,” says Begle.
