US-based Spartech Corporation, a producer of plastic sheet, compounds, and packaging products, has announced that Victoria Holt has been appointed as President and CEO effective 8 September 2010. Holt, a former Senior Vice President at PPG Industries and a member of Spartech's Board of Directors, will succeed Myles Odaniell.
Spartech Chairman Ralph Andy stated that the company initiated a restructuring programme in order to position Spartech to be increasingly responsive to the changing economic environment and to customers.
“Vicki Holt’s appointment is an important step in completing the restructuring. We believe her experience in executing strategic change in customer focused manufacturing businesses and her proven commitment to operational excellence will generate the greatest benefits for our customers, employees and shareholders,” Andy added.
On the Spartech Board of Directors, Holt served as the Chairman of the Sustainability Committee and a member of both the Compensation and Governance Committees.
Spartech Corporation is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and rollstock products and packaging technologies for a wide spectrum of customers.