George Glatfelter II to Resign as Chairman of Glatfelter
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Glatfelter, York, Pa., USA, announced that George H. Glatfelter II will resign as chairman, effective at the company's 2011 Annual Meeting of Shareholders on May 4, and will not stand for re-election to the board in May. This action is part of the company's previously announced leadership succession plan.
The company's board of directors unanimously elected Dante C. Parrini as Glatfelter's successor as chairman, effective immediately following the May 4 Annual Meeting of Shareholders, assuming he is reelected as a director of the company at that time.
"On behalf of my fellow directors, I wish to thank George for his many and significant contributions to Glatfelter during his 11-year tenure as chairman and 34 years with the company. He has set a high standard for all of us, as we continue to create increasing value for our shareholders," said Lee C. Stewart, chair of the Nominating and Corporate Governance Committee. "While we will certainly miss George's unique insight into the industry, the board has the utmost confidence in Dante's ability to lead the company into this new era of sustained growth."
Parrini succeeded Glatfelter as president and CEO on December 31.
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