Packaging Corp. of America Chairman, Paul Stecko, Earns Executive Honor
Feb. 18, 2010 - PaperAge magazine announced that Paul T. Stecko, chairman and chief executive officer of Packaging Corp. of America, has been named "Executive Papermaker of the Year."
An exclusive interview with Mr. Stecko will be published in the March/April 2010 issue of PaperAge.
Since 1988, PaperAge has annually selected recipients of its Executive Papermaker of the Year Award based on corporate vision, strategic objectives and strong leadership both within the individual's company and in the paper industry as a whole.
Under Stecko's leadership, PCA has positioned itself as one of the industry's lowest cost producers of containerboard and corrugating medium. The company operates at a high vertical integration level, converting about 80% of its mill production into corrugated packaging.
PCA emerged from a challenging 2009 in what industry analysts describe as "great financial shape, well-hedged against most cost issues, offers superior margins ..."
Additionally, in Deutsche Bank's 2010 Paper Survey, which included over 100 responses from industry CEO's, senior management and other industry players, when asked who was the best managed company in the industry in 2009, PCA came out on top.
"...no doubt that the best managed company is PCA. They have high-margin customers, a stable business, long-term and experienced management and a business strategy that has proven successful and unique in the industry," was a typical response from DB's survey.
Stecko was named chairman and chief executive officer of Packaging Corporation of America (PCA) in April 1999.
Prior to PCA, Stecko served as president and chief operating officer of Tenneco, a leading global manufacturer of specialty packaging and automotive parts. He also spent 16 years at International Paper (IP) rising to vice president and general manager of the Publication Papers, Bristols and Converting Papers businesses.
Prior to joining IP, Stecko spent 10 years at Westinghouse Electric where he was engaged in the development and manufacture of nuclear power plants.
Stecko received a bachelor's degree in metallurgy from Penn State University in 1966. He also holds a master's degree in metallurgical engineering and an MBA from the University of Pittsburgh.
Mr. Stecko currently serves as a board member of Tenneco Inc., Smurfit Kappa Groups LTD., State Farm Mutual Insurance Company and American Forest and Paper Association (AF&PA).