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Bemis Company Elects Ullem Vice President and Chief Financial Officer
May 7, 2010
2 Min Read
Bemis Company, Inc. has announced that its Board of Directors has elected Scott B. Ullem as vice president and chief financial officer. Ullem succeeds Gene C. Wulf, who will assume the new role of executive vice president. The elections were in accordance with the company’s succession plan that was approved by the Board and announced February 4, 2010.
Ullem joined Bemis in 2008 as vice president of finance. Prior to joining Bemis, he served as co-head of diversified industries in Bank of America’s Global Corporate & Investment Banking Div. Ullem worked at Bank of America from 2005 to 2008. Prior to Bank of America, he spent 14 years at Goldman Sachs in New York and Chicago, most recently as a managing director in the Investment Banking Div. Ullem received his Bachelor of Arts degree from DePauw University and his Masters of Business Administration from Harvard Business School.
In his new role as executive vice president, Wulf will focus on the integration of the acquired Alcan Packaging Food Americas business in addition to his responsibilities related to Bemis’ global corporate strategy and information technology. Wulf held the position of chief financial officer since 2002. Prior, Wulf was controller of Bemis from 1998 to 2002, and was elected an officer in May 1997.
“On behalf of the Board, I congratulate both Scott and Gene on their new roles,” said Henry Theisen, president and chief executive officer of Bemis Co. “We are fortunate that both are strong leaders who will continue providing sound direction to Bemis through the next phase of our growth strategy, and contribute to further enhancing shareholder value.”
Bemis Co. is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, healthcare, and other companies worldwide. Founded in 1858, the company is included in the S&P 500 index of stocks and reported 2009 net sales of $3.5 billion. For more information, visit www.bemis.com.
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