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Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry's Health, Hygiene, and Specialties Global Nonwovens and Films Business - Berry Global Gr (NYSE:BERY), Ecovyst (NYSE:ECVT)

~ Kevin M. Fogarty to serve as Non-Executive Chair of the Board of Directors for the proposed newly combined company ~ James M. Till to serve as Executive Vice President, Chief Financial Officer & Treasurer ~ Tarun
United States United Kingdom Boris Illetschko Thomas Fahnemann Kevin Fogarty Tarun Manroa

Glatfelter Announces Resignation of Director Lee C. Stewart

CHARLOTTE, N.C., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today announced that Mr. Lee C. Stewart has resigned from the Company’s Board of Directors, effective September 25, 2023, citing reasons unrelated to the Company for his departure. The Company noted that this resignation is not related to Glatfelter’s operations, financial reporting or controls, or personal conduct. “On behalf of Glatfelt...
United Kingdom United States Eileenl Beck Thomas Fahnemann Ramesh Shettigar Kathleena Dahlberg
Source: yahoo.com

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Glatfelter Reports Second Quarter 2023 Results

Business Fundamentals Remain Sound Despite Persistent Market and Economic Headwinds2023 Second Quarter Overview: Net sales of $357 million and a GAAP net loss from continuing operations of $36.6 millionVolume declined due to industry-wide market weakness and ongoing customer destocking, resulting in ~$7 million loss of earnings when combined with downtime to manage inventory levelsTurnaround Strategy delivered ~$7 million of earnings from price increases and fixed cost reductionsOverall Q2 2023
Ober Schmitten United States Fox River United Kingdom Eileenl Beck Ramesh Shettigar
Source: yahoo.com

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