Klockner Pentaplast Group appoints Stefan Brandt as COO, Marc Setzen as chief technology officer; Michael Tubridy steps down from position as president and COO, Americas, Dieter Hesterwerth steps down from position as CTO
Elyse Blye
MONTABAUR, Germany
,
May 15, 2014
(press release)
–
The Klöckner Pentaplast Group (kp), the global leader in pharmaceutical and consumer packaging, printing, and specialty plastic film solutions, announces the new composition of its executive management board, effective immediately. Joining Christian Holtmann (CEO) and Markus Hoelzl (CFO), the new appointments and resulting organizational structure will further accelerate kp’s growth to support additional value creation for the company and increase its ability to respond to customer and market demands.
Stefan Brandt has been appointed to the new position of Chief Operating Officer (COO). He is now in charge of sales, marketing, and all market segments with full P&L responsibility on a global scale. Previously, Brandt was the President and Chief Operating Officer Europe & Asia. He joined kp in 2011.
Marc Setzen will assume the position as Chief Technology Officer (CTO) with global responsibilities for innovation, production, supply chain, quality, and lean management. Setzen joined kp in 2011 and has served as Vice President Operations Europe & Asia since that time. He brings extensive experience from various customer-centric industries.
Two Executive Management Board members have stepped down from their respective offices – Michael Tubridy, President and Chief Operating Officer, Americas, and Dieter Hesterwerth, Chief Technology Officer. With regard to their decisions, CEO Christian Holtmann said: “We are grateful for Mr. Tubridy’s and Dr. Hesterwerth’s contributions to the progress of our company. Michael played a prominent role in numerous projects that were essential for the impressive growth path of our business in the Americas. Dieter has had a leading role in the successful implementation of our excellence initiatives in production, supply chain, and quality. Knowing their longstanding industry expertise, I am glad that both of them will continue to serve kp in an advisory role.”
Furthermore, Holtmann states, “kp has continued to deliver strong performance with its fifth consecutive year of growth and a 14% increase in Adjusted EBITDA. Our strategic vision of “grow the core, extend the reach, expand the breadth” has been developed to support additional value creation for the company. To take full advantage of kp’s growth potential and further accelerate it, we have decided to expand our global organization structure. We believe this structure will help us further strengthen our effectiveness and increase our ability to respond to customer and market demands. Above all, we will continue to develop our entrepreneurial culture fueled by diversity and global talents.”
About the Klöckner Pentaplast Group
The Klöckner Pentaplast Group is a global leader in providing packaging, printing, and specialty solutions serving the pharmaceutical, medical device, food, beverage, and card markets among others. With a broad portfolio of rigid plastic films and services powered by innovation, kp plays an integral role in the customer value chain by marketing and protecting product integrity, safety, consumer health, and, ultimately, brand reputation.
Founded in 1965, Klöckner Pentaplast has grown from its initial facility in Montabaur, Germany, to current operations in 12 countries with 18 production sites. The company has sales of over €1,191 million and employs more than 3,000 people committed to serving customers worldwide. The Klöckner Pentaplast Group is wholly owned by an investor group led by SVP Global. For more information, visit our web site at www.kpfilms.com.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
