Printpack Announces CEO Transition
Dennis Love, chairman of the board and chief executive officer of Printpack, announced on Wednesday, May 18th, that Jimmy Love will be Printpack’s next chief executive officer. Dennis advised the Printpack associates that he will continue in his role as chairman of the board and focus his attention on corporate governance and on major strategic issues that come to the board. The leadership change will be effective at the end of June, coincident with the ending of the Company's current fiscal year.
In a letter to the associates Dennis stated, “For almost thirty years, half of my life and half of the life of this company, I have had the honor and privilege to serve as the chief executive of Printpack. I will always be grateful to the shareholders and directors of the company and to my family for their trust and confidence in my leadership of this company for so many years. It has been very gratifying to help lead this business and watch how it has changed and grown over that time, getting better every year, to become one of the premier companies in the packaging industry.”
Dennis continued, “In his 24 years with the company, Jimmy has done a terrific job in a number of positions of increasing responsibility. His appointment to CEO is recognition by the board of the outstanding job he has done over many years in creating value for the company and shareholders in sometimes challenging environments. I know you will join me in congratulating Jimmy on this well-deserved promotion.”
In his comments, Jimmy added, “This transition reflects the confidence and support the Board and our family shareholders have not just in me but in the capable team we have developed over many years. I am grateful for the opportunity to take on the senior leadership position in our company, but my thanks go to our senior managers and leaders and all of our Associates who have been making great things happen for us, and who continue to do so with their energy, passion and commitment to Printpack. I am continually inspired by so many people who deliver the best of Printpack every day.”