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Glatfelter Elects Darrel Hackett To Board Of Directors

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Glatfelter (NYSE: GLT) announced the election of Darrel Hackett to its Board of Directors, effective November 1, 2020. Hackett, currently President at Bank of Montreal (BMO) Wealth Management – U.S., brings extensive leadership experience in wealth management, having held various roles at BMO since 2004. Chairman Dante C. Parrini expressed confidence that Hackett's expertise in capital markets will aid Glatfelter's transformation into a higher-margin, growth-focused engineered materials company.

Positive
  • Darrel Hackett's election expected to enhance strategic insight.
  • New board member brings extensive experience in capital markets and wealth management.
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  • None.

CHARLOTTE, N.C., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Glatfelter (NYSE: GLT), a leading global supplier of engineered materials, today announced Darrel Hackett, President, Bank of Montreal (BMO) Wealth Management – U.S., has been elected to the Board of Directors effective November 1, 2020. Mr. Hackett leads BMO Financial Group’s private wealth management business in the United States, including three distinct businesses across the ultra-high net worth (BMO Family Office), high net worth (BMO Private Bank) and mass affluent segments (BMO Harris Financial Advisors).

“Darrel brings to the Board a depth of experience from his various leadership roles at BMO and his time in management consulting,” said Dante C. Parrini, Chairman and Chief Executive Officer. “As Glatfelter continues its transformation to a higher-margin, growth-oriented engineered materials company, we expect Darrel’s insight and perspective on capital markets and strategy to be especially beneficial to the Company.”

Mr. Hackett has held a variety of leadership roles since joining BMO in 2004, including SVP & Head of North American Integrated Channels and SVP & Head, U.S. Business Banking. Before joining BMO, Mr. Hackett was a management consultant at McKinsey & Company. Mr. Hackett began his professional career as a mechanical engineer working with General Electric Company and Eastman Chemical Company. In addition to his BMO leadership role, Mr. Hackett currently serves on the Board of Directors for the Art Institute of Chicago, Children First Fund and Chicago United.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $925 million with customers in over 100 countries and approximately 2,500 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com.

Contacts: 
Investors:Media:
Ramesh ShettigarEileen L. Beck
(717) 225-2746(717) 225-2793
ramesh.shettigar@glatfelter.comeileen.beck@glatfelter.com

FAQ

What is the significance of Darrel Hackett's election to Glatfelter's Board of Directors?

Darrel Hackett's election is significant as he brings valuable expertise in capital markets and wealth management, which is expected to support Glatfelter's transformation into a growth-oriented company.

When does Darrel Hackett officially join the Board of Directors of Glatfelter?

Darrel Hackett officially joins the Board of Directors of Glatfelter on November 1, 2020.

What role does Darrel Hackett currently hold before joining Glatfelter's Board?

Before joining Glatfelter's Board, Darrel Hackett is the President of Bank of Montreal (BMO) Wealth Management – U.S.

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