Orchids Paper CEO Michael Sage to retire in July
April, 30, 2007 - Orchids Paper Products Company said that Michael P. Sage, president and CEO, will retire from the company on July 15, 2007. He has served in that capacity since April 1998.
At Orchid's annual meeting of stockholders, Sage also announced his decision not to stand for re-election as a member of the board of directors.
"We appreciate the many years of service Mike has given to the company and we look forward to working with him in the coming months to transition to his successor," said Douglas Hailey, the chairman of the board of directors.
Orchids said its board will immediately begin a search for a new CEO and President.
SOURCE: Orchids Paper Products Company