Exopack announces management change
Exopack Holding Corp, a leading global manufacturer of flexible packaging and coated products and an affiliate of Sun Capital Partners, Inc., announced that Chairman and Chief Executive Officer Jack Knott has been appointed as a managing director of Sun Capital, a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies.
Knott is going to resign from his position as Chief Executive Officer but will remain Chairman of Exopack’s Board of Directors. Tom Vale, the Company’s President and Chief Operating Officer, will serve as interim CEO.
Knott, who joined Exopack in 2005, has more than 30 years of experience in the packaging and petrochemical industries. Knott and the Exopack management team have built Exopack into a global market leader by completing a series of attractive acquisitions and successful integrations, streamlining operations and improving efficiency, continuously investing in state-of-the-art manufacturing equipment, developing innovative products, and generating strong organic growth. Prior to his position with Exopack, Knott held executive management positions with private investment firms and companies with interests in the packaging, plastic and petrochemical industries, including Ronin Partners, LLC, Pliant Corporation, Huntsman Packaging, Rexene Corporation and CT Film. A chemical engineer by background, Knott is also a former Chairman of the Flexible Packaging Association.