Port Townsend Paper Names Roger Hagan as New President

Roger Hagan

April 10, 2013 - Port Townsend Paper Corp.'s board of directors has elected Roger P. Hagan as the company's new president, effective May 1.

Dale Stahl, executive chair of Port Townsend Holdings Co., made the announcement on April 8.

“Roger comes to the company with a wealth of experience in the containerboard packaging industry, having successfully managed six different mills during his 35-year career, including RockTenn’s Solvay Mill in New York, Hodge Mill in Louisiana and Stevenson Mill in Alabama,” Stahl said in a press release.

Hagan holds a bachelor’s degree in pulp and paper technology from the University of Washington and a master’s degree from the Institute of Paper Science and Technology.

Hagan replaces Roger Loney, who announced his resignation on March 26. Loney served as President since 2008.

According to Stahl, Loney will work with Hagan in a two-month transitional period which should result in a “quick and seamless transition of company leadership,” he said.

Loney is planning to pursue other business interests and spend more time on the East Coast with his family.

Port Townsend Paper is owned by Port Townsend Holdings, which in turn is almost entirely owned by GoldenTree Asset Management, a large New York–based equity investment firm.

SOURCE: ptleader.com