The Board of Directors of Bemis Company, Inc. has declared a regular quarterly cash dividend of 26 cents per share. The dividend is payable Sept. 3, 2013, to shareholders of record at the close of business on Aug. 20, 2013.
In addition, the Board announced the election of Henry J. Theisen, Bemis’ president and CEO to the additional position of chairman of the Board of Directors, effective immediately. Mr. Theisen succeeds William J. Bolton, a director of Bemis since 2000 and chairman of the Board of Directors since 2011. Mr. Bolton will continue serving as a director of Bemis in the class with a term expiring at the 2015 annual meeting of shareholders.
The Board of Directors also appointed Timothy M. Manganello to serve as the independent lead director of the Board of Directors, effective immediately. Mr. Manganello has served as a director of Bemis since 2004, and recently retired as executive chairman of the Board of BorgWarner in April 2013. He previously served as chairman and CEO of BorgWarner from 2003 through 2012.