Wayne M. Hewett Appointed CEO of Klöckner Pentaplast

MONTABAUR, Germany--(BUSINESS WIRE)-- Klöckner Pentaplast, a global leader in rigid plastic film and packaging solutions, is pleased to announce that Wayne M. Hewett has been appointed CEO of the company, effective immediately.

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Prior to joining Klöckner Pentaplast, Wayne was President and CEO of Arysta LifeScience, a 1.6 billion US Dollar global business owned by Permira that was sold in 2015 to Platform Specialty Products, - a US listed company - after leading a successful dual track process including the preparation of an IPO filing.

Prior to Arysta, Wayne held various executive positions both in the US and internationally at General Electric (GE), including Vice President, GE Supply Chain and Operations, and President and CEO of GE Advanced Materials. He was also a member of GE’s Corporate Executive Council.

Bruno Deschamps, Chairman of Klöckner Pentaplast’s Advisory Board, stated: “We are thrilled that Wayne has decided to join kp. Wayne has driven a customer centric focus in all the businesses he led and fostered an innovation culture to deliver strong performance. Klöckner Pentaplast’s strategy precisely pursues these objectives. I am very confident that he will be an outstanding leader in driving future performance.”

Commenting on his appointment, Wayne M. Hewett said: “I am delighted to join this fantastic company. Klöckner Pentaplast has made tremendous progress in delivering against its strategy, significantly improving its operating performance and balance sheet. I will leverage my experience to take kp`s success story to the next level.”

Wayne also serves on the Board of Directors of The Home Depot. The Home Depot generates annual revenues of $83 billion. The Fortune 500 company is listed on the New York Stock Exchange.

Wayne M. Hewett holds Bachelor (BA) and Master Degrees (MA) in Industrial Engineering from Stanford University. He is married with three children.

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, Klöckner Pentaplast plays an integral role in the customer value chain by marketing and protecting product integrity, safety, consumer health, and, ultimately, brand reputation.

Thanks for 50 years

Founded in 1965 the company is celebrating its 50th anniversary under this motto, extending special thanks to clients, stakeholders and employees for their commitment. Klöckner Pentaplast has grown from its initial facility in Montabaur, Germany, to effective operations in 12 countries with 18 production sites. Within the last financial year, the company had sales of over €1.194 billion, €183 Mio adjusted EBITDA and currently employs over 3,000 people committed to serving customers worldwide. The Klöckner Pentaplast Group is wholly owned by an investor group led by SVP Global - www.svpglobal.com. For more information, visit our web site at www.kpfilms.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150901006270/en/

Contact for Corporate, Europe and Asia:
Christoph Thünemann
Group Director Corporate Communications
Klöckner Pentaplast Group
+49.2602.915.336
+49.2602.915.9336 Fax
[email protected]
or
Contact for the Americas:
Susian Brooks
Manager Corporate Communications Americas
Klöckner Pentaplast/Americas
+1.540.832.1427
+1.540.832.1419 Fax
[email protected]

Source: Klöckner Pentaplast

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