Until 2016, The Manitowoc Company was a $3.4 billion multi-industry, capital goods manufacturer with over 100 manufacturing, distribution and service facilities in 24 countries. The company held global market leadership positions in two principal markets: construction cranes and related products, and food service equipment. In March 2016, Manitowoc completed the separation of the company's crane and food service businesses into two independent, publicly-traded companies.
Prior to his joining Manitowoc, Laurino worked for 15 years in commercial banking in a variety of management and executive positions with Firstar Bank Wisconsin (now U.S. Bank), Associated Bank, N.A., and Norwest Bank (now Wells Fargo). Laurino earned a bachelor's degree in business administration/finance from the University of Wisconsin-Eau Claire.
"Our corporate governance committee recommended Carl to the board because of his extensive financial expertise and management experience at the international, operational, and corporate levels," said Kevin Gilligan, Appvion's chief executive officer. "We believe Carl's expert knowledge and business insights will be valuable assets for our board."
Laurino joins Terry Murphy, retired executive vice president and chief financial officer of A.O. Smith Corporation; David Roberts, chairman of Carlisle Companies Incorporated; Kathi Seifert, retired executive vice president of Kimberly-Clark Corporation; Mark Suwyn, president of Marsuw, LLC, chairman of WorkplaceDynamics LLC, and retired chairman of NewPage Corporation; and George Wurtz, retired chairman of Soundview Paper Company LLC, as independent members of the Appvion board. Gilligan serves as the only internal director on the board.
Appvion creates product solutions through its development and use of coating formulations and applications. The Company produces thermal, carbonless, security, inkjet, digital specialty and colored papers. Appvion, headquartered in Appleton, Wisconsin, has manufacturing operations in Wisconsin, Ohio and Pennsylvania, employs approximately 1,400 people and is 100 percent employee-owned. For more information, visit www.appvion.com.
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SOURCE Appvion, Inc.