Packaging Corporation of America
Packaging Corporation of America Announces CFO Transition and Other Management Changes
Summary
Packaging Corporation of America (PCA) announced on February 26, 2025, that Robert P. Mundy, its Executive Vice President and Chief Financial Officer (CFO), will step down as CFO on May 1, 2025. Mundy will remain with the company in an advisory role until his planned retirement on March 1, 2026. Kent A. Pflederer, currently PCA's Senior Vice President, General Counsel, and Secretary, will succeed Mundy as CFO on May 1, 2025. Pflederer will receive an annual base salary of $750,000 and is eligible for additional compensation under PCA's incentive plans. Additionally, PCA named Thomas A. Hassfurther as President and D. Ray Shirley as Executive Vice President of Corrugated Products. The changes are part of PCA's strategic growth efforts under the leadership of Chairman and CEO Mark W. Kowlzan.
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About Packaging Corporation of America
Packaging Corporation of America is a premier manufacturer and provider of packaging solutions in the United States. The company specializes in producing high-quality containerboard and corrugated packaging products. Its primary function is to offer sturdy and reliable packaging solutions that support businesses across various industries, ensuring their products are safely packaged for transport and storage. Known for its efficient and sustainable manufacturing processes, Packaging Corporation of America plays a significant role in the supply chain, servicing sectors like food and beverage, automotive, and electronics. With its extensive network of plants and distribution centers, the company ensures timely delivery and responsiveness to market demands. Headquartered in Lake Forest, Illinois, Packaging Corporation of America emphasizes eco-friendly practices, contributing to the growing trend of sustainability in packaging. Its commitment to quality and environmental responsibility makes it a notable entity within the industrial and materials segment of the financial market, reflecting its position as a vital component of modern logistics and commerce.
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