CHARLOTTE - Berry Global and Glatfelter have announced additional appointments for the Magnera board of directors, the new company that will be formed from the merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films (HHNF) business with Glatfelter.
The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger.
The combined company will offer a wide range of products, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, products serving the food and beverage industry.
It will cover a broad platform of 46 global manufacturing facilities, offering its customers faster service from closer locations and minimising environmental impact, the companies said.
The new Magnera board of directors will consist of nine directors, with five directors designated by Berry, three directors designated by Glatfelter, and the chief executive officer. As previously announced, Kevin M. Fogarty, current non-executive chair of Glatfelter, will continue in the same role on the Magnera Board and Curtis (Curt) L. Begle, current president of Berry’s Health, Hygiene and Specialties Division, will serve as Magnera’s chief executive officer and as a director of Magnera.
The additional director designees, to also be appointed as of closing are:
- Bruce Brown, former chief technology officer for Procter & Gamble and current director of Glatfelter
- Michael (Mike) S. Curless, former chief investment officer and chief customer officer for Prologis
- Thomas M. Fahnemann, current director and president and chief executive officer of Glatfelter
- Samantha (Sam) J. Marnick, former chief operating officer, president commercial for Spirit AeroSystems
- Carl J. (Rick) Rickertsen, managing partner of Pine Creek Partners and current Director of Berry
- Thomas (Tom) E. Salmon, former chief executive officer and chairman of Berry
Continuing Glatfelter board members were designated by Glatfelter and the others were designated by Berry.
Under the transaction agreement, there remains one additional director position for the Magnera Board to be designated by Berry, which designation will take place at a later time.
As a result of these designations, four of Glatfelter’s current directors, Kathleen A. Dahlberg, Marie T. Gallagher, Darrel Hackett and J. Robert Hall will retire from the Glatfelter board upon closing of the transaction.
“This announcement is a significant step forward in our process to complete the merger of Glatfelter and Berry’s HHNF business and operate as one under the new Magnera name. I am very pleased with the level of expertise, diverse perspectives, and passion this collective group of professionals brings to the Magnera Board,” said Curt Begle, President of Berry’s Health, Hygiene and Specialties division and incoming chief executive officer of Magnera.
“Their leadership and thoughtful contributions will provide tremendous value to our shareholders, customers and employees.”
Kevin Fogarty, current non-executive chair of the Glatfelter Board and incoming non-executive chair of the Magnera Board, added: “As chair of Glatfelter’s board of directors, I have had the privilege of working alongside a very dedicated and talented group of directors during my time on the board. I want to express my deep appreciation to my fellow directors for their many contributions and exceptional leadership throughout their tenure, always focused on prioritising shareholder interests while providing trusted oversight to the Glatfelter management team.
And Thomas Fahnemann, Glatfelter’s president and chief executive officer, commented: “Since joining Glatfelter in 2022, I have greatly appreciated the support and valuable insights provided by the Glatfelter board of directors as our team navigated a very challenging business environment. Their active engagement has been instrumental in shaping our strategy and positioning Glatfelter for long-term success as we prepare for the next chapter in our history.”
