The Newark Group Names Frank Papa President/CEO
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The Newark Group, Cranford, N.J., USA, has named Frank Papa its new president and CEO, effective yesterday, August 24. Papa replaces Philip B. Jones who has served in the position on an interim basis since the departure of Robert Mullen, who resigned as chairman, president, and CEO this past May.
Papa, with an extensive background in leading turnarounds and realigning company directions as well as consolidation/acquisition integrations, most recently was an operating officer with H.I.G Bayside capital for the past year. Prior to that, he was CEO of Signature Aluminum/Aluminum Shapes, the fourth largest aluminum extrusion company in North America, from 2007 - 2010. From 2001 -2007, he served as CEO of Specialized Vehicles Corp. (manufacturer of specialty vehicles), and was president and CEO of Aftermarket Technologies Inc. (automotive aftermarket products) from 2000 – 2001.
From 1998 – 2000, Papa was VP worldwide operations for The Stanley Works (manufacturer of hand tools), and was SVP operations at Sara Lee Corp. (hosiery manufacturer) from 1997 – 1998. For six years prior to that, he was SVP of operations for Kayser Roth Corp. (hosiery manufacturer) , and from 1987 -1991, he was VP quality assurance at Texron Inc (outdoor power equipment Manufacturer).
The Newark Group operates three business units. The Paperboard Unit recovers some 3 million tons of corrugated containers, newspaper, and mixed paper annually. A Converted Products unit makes laminated papers, graphic board, tubes, and solid board packaging. Its European facilities make up the International Unit, producing similar converted products.
In North America, the company has 11 recovered paper plants, 8 paperboard mills, and 22 converting plants. In Europe, it has three paperboard mills and six converting plants. Additionally, the company has investments in three paper recovery businesses and two tube and core manufacturers. The Newark Group went through a brief Chapter 11 bankruptcy in 2010.
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