Veritiv Announces Appointment of New Board Directors
Veritiv Operating Company, a leading player in specialty packaging distribution, recently made headlines with the announcement of two impressive additions to its board of directors: Rajeev Bhalla and Suzan Morno-Wade. Mr. Bhalla will take on the role of chair for the Audit Committee, while Ms. Morno-Wade will chair the Compensation and Leadership Development Committee.
Expertise and Leadership
Both new board members bring a wealth of knowledge and expertise that is set to enhance Veritiv's strategic direction and operational oversight. Sal Abbate, the Chief Executive Officer of Veritiv, expressed confidence in the new appointees, stating that they will serve as valuable assets to the board. He highlighted Mr. Bhalla's significant expertise in finance within both public and private sectors and Ms. Morno-Wade's extensive experience in human capital management and executive compensation.
Rajeev Bhalla's Background
Mr. Bhalla has a distinguished career as an operating partner providing strategic and financial advisory services to private equity firms. His previous role as Executive Vice President and Chief Financial Officer at CIRCOR International, a global manufacturer, showcased his ability to lead significant company transformations. Under his leadership, the company completed various divestitures and acquisitions, including a key deal that effectively doubled its size. He has held senior financial roles at top aerospace and defense companies, including Pratt & Whitney, Sikorsky Aircraft, and Lockheed Martin, bringing a robust background of financial leadership to Veritiv.
Suzan Morno-Wade's Accomplishments
Ms. Morno-Wade's extensive career includes serving as the Executive Vice President and Chief Human Resources Officer at Xerox Corporation, where she was responsible for oversight of the company's human resources, payroll, security operations, and more. Her previous roles included significant positions within major corporations such as Hess Corporation and General Electric. Currently, she is the Compensation Committee Chair for Latham Group, further emphasizing her leadership in executive compensation and management practices.
Prospects for Veritiv
Both Mr. Bhalla and Ms. Morno-Wade are poised to make a significant impact on Veritiv's future. Chairman John Stegeman remarked on their valuable leadership experience and insight in guiding the company toward growth and success. Their combined expertise is expected to drive strategic changes that will position Veritiv strongly within the market.
About Veritiv
Headquartered in Atlanta, Veritiv is recognized as a leading full-service provider of packaging solutions, janitorial supplies, and hygiene products. The company also plays a prominent role in the print and publishing sectors, serving clients across a diverse range of industries. With distribution centers strategically located throughout the U.S. and Mexico, Veritiv’s dedicated team members work tirelessly to contribute to the success of their customers worldwide.
Frequently Asked Questions
Who are the new appointees to Veritiv's board of directors?
The new board members are Rajeev Bhalla, who will chair the Audit Committee, and Suzan Morno-Wade, who will chair the Compensation and Leadership Development Committee.
What experience does Rajeev Bhalla bring to Veritiv?
Rajeev Bhalla brings extensive financial leadership experience from his previous roles at CIRCOR International and various aerospace and defense companies.
What are Suzan Morno-Wade's qualifications?
Suzan Morno-Wade has significant experience in human resources, having served as the Chief Human Resources Officer at Xerox, and holds various leadership roles across other companies.
How will the new board members impact Veritiv's strategy?
Their expertise is expected to enhance Veritiv's strategic direction, particularly in areas of financial oversight and organizational leadership.
Where is Veritiv headquartered?
Veritiv is headquartered in Atlanta and operates distribution centers throughout the U.S. and Mexico, serving customers globally.
