Glatfelter
#9312
Rank
$73.67M
Marketcap
United States
Country
Ms. Eileen L. Beck (VP of Global HR & Admin.)
Mr. Christopher W. Astley (Sr. VP & Chief Commercial Officer)
Dr. Wolfgang Laures Ph.D. (Sr. VP of Integrated Global Supply Chain & Information Technology)
Summary
History
As early as 1880, Glatfelter led the industry with the installation of the world's largest paper machine.
Glatfelter switched to making paper using wood fiber instead of rags in the 1880s.
In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion.
In 1947, Glatfelter launched a tree farm managed for the growing of sustainable forest crops in Pennsylvania and Maryland.
Glatfelter's previous President and CEO, George Henry Glatfelter II, is the great-great grandson of the founder, Philip Henry Glatfelter , who also founded York Ice Company, which became York Heating and Air Conditioning.
Glatfelter's work with sustainable tea packaging was highlighted in the September 2009 issue of the Tea & Coffee Trade Journal.
In August 2018, Glatfelder announced an agreement to sell its Specialty Papers division to private investment firm Lindsay Goldberg for $360 million, with the sale to close before 2019.
In February 2020, Glatfelter announced it would relocate its corporate headquarters from York, Pennsylvania to Charlotte, North Carolina later in the year.
In June 2021, Glatfelter acquired the Mount Holly and Memphis sites. The transaction included Georgia-Pacific’s Mount Holly, North Carolina airlaid manufacturing operation and an R&D development in Memphis Tennessee. The Mount Holly site produces high-quality airlaid products focused on table top materials.
In October 2021, Glatfelter acquired Jacob Holm. The acquisition expanded Glatfelter’s scale and diversification into attractive and complementary product categories with high-performing and innovative spunlace nonwoven technologies and advanced plant-based sustainable solutions serving the growing wipes, critical cleaning, healthcare and hygiene categories. Glatfelter acquired four additional manufacturing sites and six sales offices located in the Americas, Europe, and Asia, and approximately 760 employees world-wide.
August 25, 2022, Glatfelter announced Thomas Fahnemann has been appointed to the role of President and Chief Executive Officer. He replaced Chairman and Chief Executive Officer, Dante C. Parrini, who left the company following a 25-year career. The Board also appointed Kevin Fogarty, independent Glatfelter Board Director and Chairman of the Nominating and Corporate Governance Committee, to the role of Non-Executive Chairman.
Mission
Vision
Key Team
Mr. Michael Thomas Fahnemann (CEO, Pres & Director)
Mr. Ramesh Shettigar (Sr. VP, CFO & Treasurer)
Mr. David C. Elder (Chief Accounting Officer & VP of Fin.)
Ms. Jill L. Urey (VP, Chief Legal & Compliance Officer & Corp. Sec.)
Recognition and Awards
References
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Ms. Eileen L. Beck (VP of Global HR & Admin.)
Mr. Christopher W. Astley (Sr. VP & Chief Commercial Officer)
Dr. Wolfgang Laures Ph.D. (Sr. VP of Integrated Global Supply Chain & Information Technology)