Date: May 7, 2010
Source: Caraustar Industries, Inc.
Caraustar Announces Michael C. Patton as Its New CEO
Caraustar Industries, Inc. is proud to announce that Michael C. Patton, 48, has been appointed by the Board of Directors to serve as the company's chief executive officer, effective May 20, 2010.
"Mike is exactly the right leader for Caraustar at this time," stated William P. Murnane. "He is highly regarded and has a demonstrated an exceptional track record of successfully leading operational improvements, development and implementation of strategic growth plans, targeted cost reduction, product quality enhancement and talent management. Mike's experiences and skills will greatly benefit the company going forward; and, we expect that under his leadership, Caraustar will become an industry frontrunner. Mike's knowledge and industry insight make him the ideal leader to transform the company. He has the confidence and support of our leadership team and the board of directors," commented Murnane.
Mr. Patton joins Caraustar after more than ten years with Greif in senior leadership roles. Upon his resignation, Mr. Patton held the title of Senior Vice President, Global Sourcing and Supply Chain and Divisional President, Industrial Packaging North America.
Mr. Patton stated "I am honored to have been selected by the Caraustar board of directors to lead the company at this exciting juncture. This is a great organization that has a history of customer service and innovation derived from outstanding people and long-term customer relationships. I am very excited about Caraustar's prospects for future success."
Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com.
For more information, contact:
William P. Murnane
Chairman, Caraustar Board of Directors