Graham Packaging Company Announces Management Changes

Jun 07, 2010, 13:46 ET from Graham Packaging Company Inc.

YORK, Pa., June 7 /PRNewswire-FirstCall/ -- Graham Packaging Company Inc. (NYSE: GRM) today announced the following management changes.

Ashok Sudan, Executive Vice President and General Manager, Global Food and Beverage, has resigned his position at Graham Packaging effective June 30, 2010.

Peter Lennox has been appointed to succeed Mr. Sudan.  Mr. Lennox's previously served as the company's Senior Vice President, General Manager of Household Chemical and Automotive, Personal Care/Specialty and South America and has been with Graham since 2000.  Mr. Lennox has previously run the company's European business, PET Business Unit, and most recently the company's Household Chemical and Automotive, Personal Care, and South American Business units.

"We thank Ashok for his many years of service to Graham and wish him well in his new endeavors," stated CEO Mark Burgess.  "At the same time, we are excited to have someone as uniquely qualified as Peter Lennox to continue our pursuit of growth and driving market conversions to value-added plastic containers."  

About Graham Packaging Company Inc. (NYSE: GRM)

The company is a leading U.S. supplier of plastic containers for hot-fill juice and juice drinks, sports drinks, drinkable yogurt and smoothies, nutritional supplements, wide-mouth food, dressings, condiments, and beers; the leading global supplier of plastic containers for yogurt drinks; a leading supplier of plastic containers for liquid fabric care products, dish care products, and hard-surface cleaners; the leading supplier in the U.S., Canada, and Brazil of one-quart/one-liter plastic motor oil containers; and a leading supplier of bottles for personal care products.

Forward Looking Statements

Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this press release and Graham Packaging assumes no obligation to update the information included in this press release. Such forward-looking statements include information concerning Graham Packaging's possible or assumed future results of operations. These statements often include words such as "approximate," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Graham Packaging's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Graham Packaging's control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, without limitation, specific factors discussed herein and in other releases and public filings made by the Company (including the Company's filings with the Securities and Exchange Commission). Although Graham Packaging believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, Graham Packaging also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this press release.

SOURCE Graham Packaging Company Inc.