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Richard L. Wambold has been Chairman of the Company since March 2000 and has been Chief Executive Officer and President of the Company since its spin-off in November 1999 and since June 1999 respectively. From June 1997 to May 1999 Mr. Wambold was Executive Vice President and General Manager of the Company’s specialty packaging and consumer products units. Mr. Wambold is also a director of Cooper Tire and Rubber Company. Mr. Wambold is 53 years old and has been a director of the Company since June 1999.
Richard L. Wambold is chairman and chief executive officer of Pactiv Corporation. Pactiv was spun off from Tenneco Inc. in November 1999. Prior to becoming CEO Wambold was president of Tenneco Packaging since mid-1999 and managed the spin-off.
Formerly Wambold was executive vice president and general manager of Tenneco Packaging's Specialty Packaging and Consumer Products business groups. Under his direction those business groups grew from $550 million in sales in 1994 to $2 billion in 1998. Before joining Tenneco Packaging Wambold was executive vice president of Case Corporation's construction equipment and worldwide parts business that was previously part of Tenneco. Wambold joined Tenneco in 1977 and has held numerous positions with the organization including vice president of corporate planning and development.
He earned a Bachelor of Arts degree in government and a Masters of Business Administration from the University of Texas at Austin. Wambold serves on the board of Cooper Tire & Rubber Company. He is a member of The Business Roundtable and The Commercial Club of Chicago.
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