Laurino Elected to Appvion Board of Directors

Appvion, Inc., Appleton, Wis., USA, this week announced that Carl J. Laurino has been elected to its board of directors. Laurino served as SVP and CFO of The Manitowoc Co. from 2004 until June 2016. He joined Manitowoc in January 2000 as assistant treasurer. In 2001, Laurino was appointed treasurer and served in that capacity until his promotion to SVP and CDO in May 2004. 

Until 2016, The Manitowoc Co. was a $3.4 billion multi-industry, capital goods manufacturer with more than 100 manufacturing, distribution, and service facilities in 24 countries. The company held global market leadership positions in two principal markets: construction cranes and related products, and food service equipment. In March 2016, Manitowoc completed the separation of the company's crane and food service businesses into two independent, publicly-traded companies. 

Prior to his joining Manitowoc, Laurino worked for 15 years in commercial banking in a variety of management and executive positions with Firstar Bank Wisconsin (now U.S. Bank), Associated Bank, N.A., and Norwest Bank (now Wells Fargo). Laurino earned a bachelor's degree in business administration/finance from the University of Wisconsin-Eau Claire. 

"Our corporate governance committee recommended Carl to the board because of his extensive financial expertise and management experience at the international, operational, and corporate levels," said Kevin Gilligan, Appvion's CEO. "We believe Carl's expert knowledge and business insights will be valuable assets for our board." 

Laurino joins Terry Murphy, retired EVP and CFO of A.O. Smith Corp.; David Roberts, chairman of Carlisle Companies Inc.; Kathi Seifert, retired EVP of Kimberly-Clark Corp.; Mark Suwyn, president of Marsuw LLC, chairman of WorkplaceDynamics LLC, and retired chairman of NewPage Corp.; and George Wurtz, retired chairman of Soundview Paper Co., as independent members of the Appvion board. Gilligan serves as the only internal director on the board.

Appvion creates product solutions through its development and use of coating formulations and applications. The company produces thermal, carbonless, security, inkjet, digital specialty, and colored papers. Appvion has production operations in Wisconsin, Ohio, and Pennsylvania, employs approximately 1,400 people, and is 100% employee-owned.