Friday 08. November 2013
Orchids Paper Products Company Announces Retirement Of CEO And Appointment Of Successor
Orchids Paper Products Company (NYSE MKT: TIS) today announced that Robert A. Snyder, President, Chief Executive Officer and Director of Orchids, will be retiring from the Company upon the expiration of the current term of his employment agreement on December 31, 2013. Mr. Snyder has resigned from the Board of Directors of the Company (the “Board”) effective November 4, 2013, and he will step down as President and Chief Executive Officer on November 8, 2013. Mr. Snyder will continue to serve in an advisory role during a transition period through his retirement on December 31, 2013.