Newark Group names Gregg R. Kam, previous CFO of International Specialty Products, to VP, CFO, effective Nov. 2
CRANFORD, New Jersey
November 1, 2011
– The Newark Group, a leading integrated producer of 100% recycled paperboard and converted paperboard products, today announced that Mr. Gregg R. Kam has been named Vice President and Chief Financial Officer of The Newark Group effective November 2, 2011. Mr. Kam will replace Mr. Joe Byrne.
“Gregg brings to The Newark Group turnaround financial experience coupled with an outside perspective. He is eager to challenge the “status-quo” while driving new initiatives”, commented Mr. Frank Papa, President and Chief Executive Officer of The Newark Group. He added, “His record of earnings growth and working capital management is impressive, and we are eager to begin working with him as we continue to evolve as a leader in recycled paperboard.”
Mr. Kam rose to positions of increased responsibility in a career that began as a Senior Accountant and Senior Financial Analyst at a private CPA firm, Holmes Protection and Unilever. He was Chief Financial Officer of International Specialty Products.
“I look forward to the challenges and the ability to effect change in The Newark Group. I was impressed with the recent initiatives outlined and want to be part of the winning team” said Mr. Kam. “The company has a long term presence in the recycled paperboard industry with a strong reputation for providing customer value.”
About The Newark Group
The Newark Group is an integrated global producer of 100% recycled paperboard and paperboard products with significant manufacturing and marketing operations in North America and Europe. Comprised of five vertically integrated 100% recycled paperboard operating divisions, The Newark Group maintains locations throughout the U.S., Canada and Europe.