Bemis Company Promotes Austen to Vice President of Operations.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--May 6, 2004 Bemis Company, Inc. (NYSE NYSE See: New York Stock Exchange :BMS BMS abbr. Bachelor of Marine Science ) announced today that its Board of Directors has elected William F. Austen to Vice President - Operations for Bemis Company, reporting to Henry Theisen, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . In his position as an officer of Bemis Company, Austen will have responsibility for the pressure sensitive materials business subsidiary, known as MACtac, and the paper packaging operations of Bemis. "We are fortunate to have Bill on our team and I am pleased that the board has elected him an officer of Bemis Company," said Jeff Curler, President and Chief Executive Officer of Bemis Company. "During his four years in our pressure sensitive materials business, Bill has repeatedly demonstrated his strong business leadership and management skills. Bemis will continue to benefit from his talent and experience in his expanded role at the company." Austen joined Bemis in 2000 as President of MACtac. Prior to joining Bemis Company, he held leadership positions at various manufacturing operations of General Electric Company, where he worked for 20 years. Austen received his Bachelor of Engineering Bachelor of Engineering (commonly abbreviated as BE or BEng) is an undergraduate academic degree awarded to a student after three to five years of studying engineering at an accredited university in Australia, Canada, China, Finland, Germany, India, Ireland, Korea, Degree in Marine Engineering from the State University of New York Maritime College SUNY Maritime College is located in the Bronx, New York City in historic Fort Schuyler on the Throggs Neck peninsula where the East River meets Long Island Sound. Founded in 1874, the SUNY Maritime College was the first college of its kind (federally approved, offering commercial and his Masters Degree in Engineering Administration from George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. . Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide. Founded in 1858, the Company reported 2003 sales of $2.6 billion, of which $2.1 billion was from the flexible packaging business segment and $0.5 billion was from the pressure sensitive materials business segment. More than 75 percent of the Company's sales are packaging related. The primary market for Bemis' products is the food industry, which accounts for over 65 percent of sales. Other markets include consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , medical, pharmaceutical, chemical, agribusiness, printing and graphic arts, and a variety of other industrial end uses. Bemis holds a strong position in many of the markets it serves and actively seeks new market segments where its technical skill and other capabilities provide a competitive advantage. Bemis' leadership position in the flexible packaging industry rests on a strong technical foundation in polymer chemistry, film extrusion, coating and laminating, printing and converting. Bemis' pressure sensitive materials business specializes in adhesive technologies. Based in Minneapolis, Minnesota, Bemis employs about 11,500 individuals in 52 manufacturing facilities in 10 countries around the world. More information about the company is available at our website, www.bemis.com. Statements in this release that are not historical, including statements relating to the strength of future cash flows and future performance of the company, are considered "forward-looking" and are presented pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such content is subject to certain risks and uncertainties. Actual future results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors which are detailed in the Company's regular SEC filings including the most recently filed Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2003. |
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