Schweitzer-Mauduit CEO Frederic Villoutreix leaves post at short notice

  • Signs for push-out forces
  • After around eight years on the job
  • Laud, praise and thanks for Villoutreix
  • Jeffrey Kramer taking over
  • Villoutreix spoke at length and said 102 words

(exechange) — Alpharetta, Georgia, March 30, 2017 — Frederic Villoutreix, chief executive of Schweitzer-Mauduit, leaves the position. It is a change at short notice. As announced by Schweitzer-Mauduit International, Inc. in a news release and in a regulatory filing published on Thursday, March 30, 2017, Frederic P. Villoutreix, Chief Executive Officer, leaves the producer of specialty papers and resin-based products in a surprising move after around eight years on the job, effective May 05, 2017.

Villoutreix’ duties are taken over by Jeffrey Kramer, most recently Vice President, Lubricants at Brenntag AG.

Kramer, who will also become a member of the Board of Directors, will join the Company on April 21 and serve as Co-CEO with Villoutreix until May 5. Subsequent to that transition period he will become the sole CEO.

The fact that Villoutreix’ successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.

“The time was right for him personally and professionally”

The imminent management change is explained as follows. Schweitzer-Mauduit said: “The Board of Directors initiated the search for his successor at the request of Mr. Villoutreix, who expressed his view that the time was right for him personally and professionally to transition out of the CEO and Chairman roles.”

Precise information about the future plans of Villoutreix was not immediately available.

“Departing”

Schweitzer-Mauduit said: “Frédéric Villoutreix, who has served as Chief Executive Officer and Chairman of the Board since 2009, will be departing the Company effective May 5, 2017.”

Following his departure date, Villoutreix will provide consulting services to the Board and CEO as requested through February 28, 2018.

K.C. Caldabaugh will be named as Non-Executive Chairman of the Board

K.C. Caldabaugh, Board director since SWM’s spin-off from Kimberly-Clark in 1995, will be named as Non-Executive Chairman of the Board, effective April 21, 2017.

On the job as CEO since 2009

Frederic P. Villoutreix has been Executive Chairman and Chief Executive Officer of Schweitzer-Mauduit International, Inc. since January 1, 2009.

Villoutreix served as the Chief Operating Officer of Schweitzer-Mauduit from February 1, 2006 to December 2008 and its Interim President of French Operations from December 7, 2006 to June 1, 2007.

Villoutreix joined Schweitzer-Mauduit from Compagnie de Saint- Gobain, where he worked since 1990.

He held key manufacturing positions in Europe and the United States with Saint-Gobain, including General Manager, World Construction Products and Stone, Luxemburg from 2001 to 2004 and served as Vice President, Abrasives Europe and Coated Abrasives World from 2004 to 2005 with 33 operating locations.

He has been an Executive Director of Schweitzer-Mauduit International, Inc. since June 1, 2007.

Villoutreix holds an Master’s degree in Science and Engineering, with a major in Economics from Ecole Polytechnique, Palaiseau, France and PhD in Engineering and Management from Ecole des Mines, Paris, France.

Signs for push-out forces

It is not completely certain what forces eventually triggered Frederic Villoutreix’ imminent move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 14.2017 ($).