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Schweitzer-Mauduit (NYSE:SWM) and Neenah (NYSE:NP) introduced Tuesday the longer term govt management crew and working construction for the mixed firm.
Neenah (NP) President and CEO Julie Schertell will function President, CEO and a board member of the mixed firm, Schweitzer-Mauduit (SWM) CEO Jeff Kramer will likely be a strategic advisor, and SWM non-executive chairman John Rogers will develop into non-executive chair of the mixed firm.
The brand new firm will include two reporting segments: Superior Technical Supplies, which can embody filter and purify air and liquids, assist adhesive and protecting purposes, advance therapeutic and wellness; and Fiber-Primarily based Options, which can present specialty options for numerous end-uses together with sustainable packaging, imaging and communications, dwelling and workplace, and client items.
In March, the 2 corporations agreed to mix in an all-stock merger to create a ~$3B international chief in specialty supplies and options.