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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,126.88 +75.15 0.44%
S&P 500 1,984.72 +11.09 0.56%
NASDAQ 4,458.5350 +33.8310 0.76%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs