Klöckner Pentaplast (kp, Montabaur / Germany; www.kpfilms.com), a global manufacturer of rigid plastic film and packaging, has appointed Wayne M. Hewett as new CEO, effective immediately. Prior to joining kp, Hewett was president and CEO of Arysta LifeScience, a chemical group owned by Permira that was sold in 2015 to Platform Specialty Products. Prior to Arysta, Wayne held various executive positions both in the US and internationally at General Electric.

In February, kp CEO Christian Holtmann resigned for "personal reasons". His post has been temporarily filled by CFO Markus Hölzl (see Plasteurope.com of 17.03.2015). Meanwhile, the "Frankfurter Allgemeine Zeitung" (FAZ) recently reported that kp investor Strategic Value Partners (SVP, Greenwich, Connecticut / USA; www.svpglobal.com) was currently searching for a consultant to prepare the stock market launch of the German rigid films manufacturer (see Plasteurope.com of 10.08.2015).