Spinnaker Coating

Spinnaker Coating Announces Two Promotions to Senior Vice President

Spinnaker Coating, LLC, a manufacturer of adhesive coated papers and films, has promoted Perry J. Schiller from Vice President and Chief Financial Officer to the position of Senior Vice President and Chief Financial Officer and Stuart A. Postle from Vice President, Operations to the position of Senior Vice President, Operations.

Mr. Schiller joined Spinnaker Coating in April 2000 and is responsible for the financial affairs of the Company, including accounting, taxes, financial reporting, financial analysis, and cash management. Prior to joining Spinnaker, Mr. Schiller spent 13 years with Deloitte & Touche, and subsequently was a senior financial executive with a retailing company and a leasing company.

Mr. Postle has overall responsibility for the Company's manufacturing, engineering, distribution, and materials management functions. He has spent most of his career with the Company, beginning in 1979 when it was part of  Kimberly-Clark Corporation, where he progressed through a variety of positions in the production planning, purchasing, and distribution functions of its consumer products tissue and envelope converting operations. In 1990, Mr. Postle joined Kimberly-Clark's Brown-Bridge Division, where he gained a broad-based knowledge of the pressure sensitive business, working in distribution, systems, and operations management.  He remained with the Company when it became Spinnaker Coating in 1997.

Commenting on the news, Louis A. Guzzetti, Jr, Chairman & Chief Executive Officer of Spinnaker Coating, said, "Over the course of their careers with the Company, Stuart and Perry has each made significant contributions to the emergence and growth of the new Spinnaker.  Both through their individual efforts, as well as leadership of their respective organizations, they have played key roles in the revitalization of the Company.”

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