Orchids Paper Products CEO Robert Snyder to Retire
Nov. 5, 2013 - Orchids Paper Products Company today announced that Robert A. Snyder, President, Chief Executive Officer and Director of Orchids, will be retiring from the company upon the expiration of the current term of his employment agreement on December 31, 2013.
Snyder resigned from the Board of Directors of the Company, effective November 4, 2013, and will step down as President and CEO on November 8, 2013.
Snyder will continue to serve in an advisory role during a transition period through his retirement on December 31, 2013, Orchids said.
Jeffrey S. Schoen, as former Chairman of the Board, said, "We wish to thank Bob Snyder for his contributions and distinguished service in leading Orchids over the past six years. Through Bob's leadership, the company has continued to grow while delivering significant value to our stockholders. We wish Bob the best of luck."
Jeffrey Schoen to Succeed Snyder
Orchids also announced that Schoen has been elected by the Board to succeed Snyder as President and CEO of the company, effective November 8, 2013.
Schoen has been a Director of Orchids since 2007 and Chairman of the Board since May 2013.
Prior to serving as a Director of Orchids, Schoen served as Executive Vice President of Cumberland Swan, Inc., a private label manufacturer of personal care products, from 2002 through 2006. From 1999 through 2002, Schoen was employed by Paragon Trade Brands, a private label manufacturer of disposable diapers and training pants, last serving as Vice President of Operations.
Schoen holds a BS degree in chemical engineering from the University of Wisconsin.
Effective November 4, 2013, Schoen resigned from his role as Chairman of the Board, but he continues to serve as a Director. Steven R. Berlin succeeds Schoen as the new Chairman of the Board.
SOURCE: Orchids Paper Products Company