Published Feb. 20, 2013
Spartanburg-based Exopack Holding Corp. said Tuesday that Jack Knott is returning as CEO of the company to replace Christian Ragot, who was on the job about six months.
Ragot joined the company as CEO in February 2012 but departed for undisclosed reasons in August, according to a separation notice Exopack filed with the Securities and Exchange Commission.
Knott previously served as CEO of Exopack from October 2005 to September 2011, leading the company through a series of acquisitions. Exopack, an affiliated portfolio company of the private equity firm Sun Capital Partners, is a global manufacturer of flexible packaging and coating products.
"I have a deep affinity for Exopack and for the packaging industry. While I have enjoyed my time as a managing director of Sun Capital Partners, I could not pass up the opportunity to get back into the operations side with this great company and to work with its senior team," Knott said in a news release. "Exopack is an important portfolio company of Sun Capital, which has a sizeable number of packaging company holdings."
The company also named Mike Alger its new CFO. He is a member of Exopack's board of directors and chairman of its audit committee. Alger, currently a group CFO at Sun Capital, has more than 32 years of senior finance and operations management experience in a variety of companies, and has worked closely with Knott over the past six years.
Both appointments are effective March 1. At that time, interim CFO Duane Owens will return to his position as the company’s treasurer.