This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mark Burgess To Be Named Chief Executive Officer Of Industrial Packaging Group

Global alternative asset manager The Carlyle Group (NASDAQ:CG) today announced that Mark Burgess, former CEO of Graham Packaging and Anchor Glass, will join Industrial Packaging Group (IPG) as Chief Executive Officer at the close of Carlyle’s acquisition of IPG from Illinois Tool Works. Craig Hindman, ITW Executive Vice President who currently leads IPG, will leave IPG after the closing and serve in a consulting role.

Brian Bernasek, Managing Director in Carlyle’s U.S. Buyout group, said, “We are grateful for Craig’s service to IPG and his legacy of success. Craig is a true professional, and his leadership has positioned IPG for new ownership and continued growth. I am also pleased to announce the appointment of Mark to lead the company upon the closing of this transaction. We welcome Mark to the Carlyle and IPG families. He is a seasoned executive with extensive experience leading and growing industrial companies. We look forward to our partnership.”

Mark Burgess said, “I am excited by this opportunity to join IPG and work with its talented management team and employees. We see significant opportunity for IPG’s growth as an independent company.”

With a decade of experience in the packaging industry, Mr. Burgess is the former CEO of Graham Packaging Company. Prior to his role as CEO, he held both the Chief Operating Officer and Chief Financial Officer positions. Mr. Burgess led the firm as CEO during Graham’s IPO in 2010 and subsequent sale to Reynolds Group Holdings in 2011. Prior to his work with Graham, Mr. Burgess served as CEO and CFO of Anchor Glass Container Corporation, a U.S. manufacturer of glass containers.

About Industrial Packaging Group

Industrial Packaging Group is a $2.4bn leading manufacturer of strap, stretch, and protective packaging consumables, tools, and equipment. It includes the businesses and operations that currently comprise the Industrial Packaging segment of Illinois Tool Works Inc. IPG’s products are used to contain, unitize, and protect goods during manufacturing, transport, and warehousing. Its products are sold around the world under a broad array of well-known brand names, including Signode, Strapex, Orgapack, Angleboard, and Mima. Industrial Packaging Group employs approximately 6,900 people across six continents.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs