Shares of KapStone Paper and Packaging Corp. (NYSE:KS) ended Friday session in green amid volatile trading. The shares closed up +0.66 points or 3.44% at $19.87 with 1.83 million shares getting traded. Post opening the session at $19.77, the shares hit an intraday low of $19.51 and an intraday high of $20.12 and the price vacillated in this range throughout the day. The company has a market cap of $1.92 billion and the numbers of outstanding shares have been calculated to be 96.57 million shares.
KapStone Paper and Packaging Corp. (KS) on Sept. 21, 2016 announced that effective January 1, 2017, Roger Stone is stepping down as KapStone’s Chief Executive Officer. Roger will continue to be an integral part of the KapStone organization, as he will retain his role as Executive Chairman of the Board.
Matt Kaplan will assume the responsibilities of the CEO and continue as the Company’s President. Matt has served as Chief Operating Officer as well as President and Director of the Company since its inception in 2005. Matt’s 39 year career in paper and packaging also includes serving as Stone Container’s Senior Vice President and General Manager of North American Operations, Smurfit-Stone Container Corporation’s Vice President and General Manager Container Division and Director, and Box USA Holdings, Inc.’s President, Chief Operating Officer and Director.
Randy Nebel will be promoted to Executive Vice President of Integrated Packaging, responsible for both the Company’s Mill and Corrugated Container operations. Randy has been Vice President and General Manager of the Company and President of the Company’s Mill Division since August 2013. Previously, Randy served as President of Longview Fibre Paper and Packaging, Inc. from 2008 to 2013 and as its Vice President of Mill Operations and Chief Operating Officer from 2008 to 2009. The Company acquired Longview in July 2013.
Tim Keneally will retire from his position as Vice President, General Manager and President of the Container Division. However, Tim has agreed to continue to assist in the Company’s important ongoing efforts to increase integration levels.
Bill Kessinger, currently Vice President and Mill Manager at Roanoke Rapids, will be promoted to Vice President and General Manager of the Mill system, and Pat Ortiz, currently Mill Division Director of Engineering, Environmental Affairs, and Safety, will be promoted to Vice President and General Manager of the Corrugated Container system.
Shares of BorgWarner Inc. (NYSE:BWA) ended Friday session in red amid volatile trading. The shares closed down -0.01 points or 0.03% at $35.09 with 1.78 million shares getting traded. Post opening the session at $35.01, the shares hit an intraday low of $34.94 and an intraday high of $35.26 and the price vacillated in this range throughout the day. The company has a market cap of $7.74 billion and the numbers of outstanding shares have been calculated to be 214.27 million shares.
BorgWarner Inc. (BWA) announced the following Webcast:
What: BorgWarner 2016 Third Quarter Results Conference Call
When: October 27 @ 9:30am Eastern Time
How: Live over the Internet — Simply log on to the web at the address above.
If you are unable to participate during the live webcast, the call will be archived at (http://www.borgwarner.com/en/Investors/default.aspx)