Neenah Announces Retirement of Larry Brownlee in August; Succeeded by Kim DeBrock as VP Controller and CAO

Rhea-AI Summary

Neenah, Inc. (NYSE: NP) has announced the retirement of Larry Brownlee, Senior VP, Controller, and CAO, effective August 12. Brownlee has been with the company since its public debut in 2004, contributing significantly to its financial strategy. Kim DeBrock has been promoted to replace him, having served in various roles at Neenah since 2012, including Assistant Controller. This transition aims to maintain strong financial oversight as the company continues to focus on growth in specialty materials across various sectors.

Positive

• Promotion of Kim DeBrock to Vice President, Controller, and CAO indicates strong internal talent succession.
• Larry Brownlee's long tenure suggests a stable financial leadership during company growth.

Negative

• None.

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Neenah, Inc. (NYSE: NP) announced today that Larry Brownlee, Senior Vice President, Controller and Chief Accounting Officer (CAO), has communicated his plans to retire in August. To ensure a smooth transition, Mr. Brownlee will remain with Neenah through the August 12 retirement date.

“Larry became Controller in 2004 when Neenah first became a public company and has been an integral part of the development and execution of our business strategies,” said Paul DeSantis, Chief Financial Officer. “During this time, he developed a talented global financial organization and ensured we maintained a strong financial position with disciplined decision-making. I want to thank Larry for being a trusted advisor and business partner and for his leadership, significant contributions, and personal dedication throughout his career.”

The Company further announced that it had promoted Kim DeBrock to succeed Mr. Brownlee as Vice President, Controller, CAO, and a Section 16 Officer, effective immediately. Ms. DeBrock is being promoted from the Assistant Controller position, having served in positions of increasing responsibility since she joined Neenah in 2012. Kim’s previous experience includes serving as Senior Audit Manager during her ten years with KPMG, Financial Reporting Controller with National Service Industries, and consulting engagements with GE Energy and Georgia Pacific. Kim is a graduate of Texas State University and is a Certified Public Accountant.

About Neenah

Neenah is committed to manufacturing growth for its customers, end-users, shareholders, and employees. With manufacturing facilities in North America and Europe, Neenah is a leading global manufacturer of specialty materials, serving customers across six continents, with headquarters in Alpharetta, GA. We’re focused on growing in filtration media, specialty coatings, engineered materials, and imaging & packaging. Our materials are in various products used every day, such as transportation and water filters, premium packaging of spirits, technology and beauty products, industrial labels, tapes and abrasives, and digital printing for high-end apparel. To learn more, please visit www.neenah.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220302005835/en/

Neenah, Inc.

Kyle Anderson

Vice President, Corporate Strategy and Investor Relations

678-518-3278

Source: Neenah, Inc.

FAQ

When is Larry Brownlee's retirement from Neenah, Inc.?

Larry Brownlee will retire on August 12.

Who has been promoted to replace Larry Brownlee at Neenah, Inc.?

Kim DeBrock has been promoted to Vice President, Controller, and CAO.

What role did Larry Brownlee hold at Neenah, Inc.?

Larry Brownlee served as Senior Vice President, Controller, and Chief Accounting Officer.

What is Neenah, Inc.'s stock symbol?

Neenah, Inc. trades under the stock symbol NP.

What has been Larry Brownlee’s contribution to Neenah, Inc.?

Larry Brownlee has been integral in developing the company's financial strategies since becoming Controller in 2004.