Glatfelter promotes Ramesh Shettigar to CFO; Samuel Hillard resigns effective May 6, 2022

Magnera Corp

Samuel Hillard resigns as SVP & CFO to pursue opportunity at early-stage tech company; departure unrelated to operations or controls.
Ramesh Shettigar promoted from VP, ESG, IR & Treasurer to SVP, CFO & Treasurer, effective May 6, 2022.
Shettigar's base salary increases to $425,000 (from $334,750); target cash bonus rises from 45% to 60% of base.
Shettigar joined Glatfelter in 2014; roles have included treasury, IR, and corporate development leadership.
Hillard will participate in Q1 earnings call on May 3 and Annual Meeting on May 5 before his departure.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Ramesh Shettigar

Senior Vice President, Chief Financial Officer & Treasurer

MAGN · Magnera Corp

Effective: 2022-05-06
Filed: April 4, 2022, 7:59 PM ET

the Company’s Board of Directors has appointed Ramesh Shettigar, the Company’s Vice President, ESG, Investor Relations & Corporate Treasurer, to the position of Senior Vice President, Chief Financial Officer & Treasurer, effective as of May 6, 2022.

Departed

Samuel L. Hillard

Senior Vice President, Chief Financial Officer

MAGN · Magnera Corp

Effective: 2022-05-06
Successor: Ramesh Shettigar
Filed: April 4, 2022, 7:59 PM ET

who advised the Board of Directors on March 30, 2022 of his resignation to pursue other opportunities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ramesh Shettigar was appointed as Senior Vice President, Chief Financial Officer & Treasurer at Magnera Corp.

Action: appointed
Role: Senior Vice President, Chief Financial Officer & Treasurer

Exact text from the filing

the Company’s Board of Directors has appointed Ramesh Shettigar, the Company’s Vice President, ESG, Investor Relations & Corporate Treasurer, to the position of Senior Vice President, Chief Financial Officer & Treasurer, effective as of May 6, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Samuel L. Hillard resigned as Senior Vice President, Chief Financial Officer at Magnera Corp.

Action: resigned
Role: Senior Vice President, Chief Financial Officer

Exact text from the filing

who advised the Board of Directors on March 30, 2022 of his resignation to pursue other opportunities.

View on SEC.gov

Magnera Corp filing history →

Source: SEC EDGAR

accession 0000041719-22-000017

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