As previously announced, Julie Schertell, president and CEO of Neenah, will serve as president, CEO, and a member of the board of directors. Dr Jeff Kramer, currently CEO of SWM, will serve as a strategic advisor. John Rogers, non-executive chairman of the SWM board, will serve as non-executive chair of the board.
The senior leadership team will includes Omar Hoek as chief operating officer; Andrew Wamser as chief financial officer; Ricardo Nuñez as general counsel, secretary & chief compliance officer; Natalie Poteran as chief transformation officer; Sarma Malladi as chief information officer; and Mike Rickheim as chief human resources & administrative officer.
The new company will have two reporting segments: Advanced Technical Materials and Fiber-Based Solutions.
“Establishing this leadership team and business structure is an important milestone in bringing together our two talented organizations,” said Schertell. “The merger of Neenah and SWM has tremendous potential, driven by the compelling strategic fit of our businesses, significant synergy opportunity, and benefits of additional scale. With a broader portfolio of products, expanded technology suite, and enhanced geographic presence, we will be stronger together and well-positioned for growth.”
The transaction is expected to close in the second half of 2022, subject to Neenah and SWM shareholder approval and other customary closing conditions.