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United Kingdom : LEADERSHIP Transition declared by Bemis Company

August 9, 2014

The Board of Directors of Bemis Company, Inc. has declared that William F. Austen, 55, has been selected President and Chief Executive Officer, effective instantly. Austen succeeds Henry J. Theisen, 60, who will carry on as Executive Chairman of Bemis Company, Inc. until his intended retirement at the 2015 Annual Meeting of Shareholders. Besides, Austen has been selected to the Bemis Board of Directors.

Theisen said, "Bill is a proven leader with in-depth knowledge of all aspects of Bemis . "He brings a passion and commitment to helping our customers solve their most challenging packaging needs. He is a respected leader in the packaging industry and is uniquely qualified to lead Bemis into its next phase of growth. On behalf of the Board, I congratulate Bill on his new role and look forward to Bemis' continued growth and success in the years ahead."

Timothy Manganello, Independent Lead Director of the Board of Bemis Company, Inc. said, "The Board is confident in the future of the Company under Bill Austen s leadership. On behalf of the Board, I also thank Henry for his numerous contributions to Bemis Company over his distinguished 38 year career. Under his leadership, Bemis completed the largest acquisition in Company history, increasing total revenue approximately 40 percent. He also established a strategic footprint in Asia-Pacific and divested non-core assets to focus the Company on its target end-markets. Henry s dedication to innovation and material science has shaped Bemis competitive advantage and positioned the Company for future success.

Austen has possessed a range of leadership positions in his 14-year career with Bemis. In 2000 he joined Bemis as President of Bemis Pressure Sensitive Materials division, he was selected Vice President of Operations in 2004, Group President in 2012, and Executive Vice President and Chief Operating Officer in 2013.

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Source: TendersInfo (India)

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