Constar International Inc. (NasdaqCM:CNST) today announced that Michael J. Hoffman has resigned as President, Chief Executive Officer and Director, effective today, to pursue other opportunities. Constar’s Board of Directors has initiated a search for Mr. Hoffman’s replacement. In the interim, Ruth J. Mack will serve as President and Chief Executive Officer effective immediately, in addition to her current role as a member of Constar’s Board of Directors.
Ms. Mack has served as a director of Constar since May 2009. Ms. Mack was President, WinCup Plastics and Executive Vice President, New WinCup Holdings from 2006-2009. From 1999-2006, she worked for Alcoa, Inc., most recently as Vice President, Alcoa and Group President Alcoa Packaging & Consumer Products. Prior roles included Vice President, Reynolds Metals Company and General Manager, Reynolds Consumer Products and President Alcoa Consumer Products. Previous to Alcoa, Ms. Mack held a series of general management, marketing, sales, product development, distribution and logistics positions in multinational companies such as General Mills, PepsiCo, Nestle, Pillsbury and WLR Foods.
L. White Matthews, III, Chairman of Constar’s Board of Directors, commented, “On behalf of the Board of Directors, I want to thank Mike for his leadership and many years of dedicated service to Constar. We wish him success in his new endeavors.”
“I am proud of what we have accomplished at Constar throughout my tenure. With our lean manufacturing initiative underway and with our strong leadership team in place, it is an excellent time for me to move on to a new opportunity,” said Mr. Hoffman.
“During our search for a new Chief Executive Officer, Ruth’s considerable experience as a senior executive within the packaging and consumer industry and as a member of our Board of Directors will serve Constar well,” added Mr. Matthews.
| J. Mark Borseth Executive Vice President, Chief Financial Officer +1 215-552-3772 |
