GLT - Glatfelter announces CEO transition

• Glatfelter ( NYSE: GLT ) has appointed Mr. Thomas Fahnemann to the role of President and CEO, effective immediately to succeed current Chairman and CEO, Mr. Dante C. Parrini, who will be leaving the company following a 25-year career.
• Mr. Fahnemann currently serves as Non-Executive Director, member of the board and Chairman of the Audit Committee for AustroCel Hallein, GmbH, Amsterdam, the Netherlands.
• In addition, the board has appointed Mr. Kevin M. Fogarty, currently an independent Glatfelter board and Chairman of the nominating and Corporate Governance committee, to a newly created role of non-executive Chairman.
• The position of Independent Lead Director, currently held by Mr. Lee C. Stewart, will no longer exist, however, Mr. Stewart will continue to play an instrumental role on the company’s board, including assuming the role of Chairman of the Nominating and Corporate Governance committee.
• The company noted that these changes are not related to Glatfelter’s operations, financial reporting or controls, or personal conduct.
• The company expects to release its Q3 earnings on Nov.01 and the previously provided earnings guidance for the third quarter remains unchanged.

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