Jack Knott to retain chairman position at Exopack and named managing director of Sun Capital.
Holding Corp,a leading global manufacturer of flexible packaging and
coated products and an affiliate of
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.