LAKE FOREST, Ill.--(BUSINESS WIRE)--Jun. 25, 2013--
Packaging Corporation of America (NYSE: PKG) announced today that Paul
T. Stecko will continue to serve as the company’s executive chairman
until his retirement on December 30, 2013, at which time he will become
non-executive chairman of the company’s board of directors. As
non-executive chairman, he will lead the activities of PCA’s board of
directors. Mr. Stecko will also continue to serve the company on major
strategic initiatives as well as important shareholder matters under an
agreement that will run through December 31, 2015. Mr. Stecko has been
PCA’s executive chairman since 2010 and served as chairman and CEO from
1999 to 2010.
Commenting on the announcement, Mark W. Kowlzan, CEO of PCA, said, “In
light of Paul’s vast experience and contributions to PCA, as well as our
long-term relationship, I am very pleased that he will continue his
leadership of our board of directors and involvement in our strategic
efforts.”
PCA is the fourth largest producer of containerboard and corrugated
packaging products in the United States with sales of $2.8 billion in
2012. PCA operates four paper mills and 71 corrugated products plants in
26 states across the country.
Source: Packaging Corporation of America
Packaging Corporation of America
Barbara Sessions
INVESTOR
RELATIONS: (877) 454-2509
PCA’s Website: www.packagingcorp.com