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Current DateTime: 04:25:08 22 Jan 2009
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Peter J. Thompson new CFO for Schweitzer-Maudit
By: The Associated Press | 22 Jan 2009 | 04:32 PM ET
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ALPHARETTA, Ga. - Schweitzer-Mauduit International Inc., which makes tobacco papers, said that Peter J. Thompson, a vice president, on Thursday assumed the new post of chief financial and strategic planning officer.

Thompson, 46, replaces Torben Wetche, who is leaving the company voluntarily next Monday after a leading role in streamlining Schweitzer-Mauduit's financial management organization.

Besides being chief financial and strategic planning officer, Thompson also becomes treasurer. He will report to Chief Executive Frederic Villoutreix.

Thompson has worked for Schweitzer-Mauduit for more than 12 years.

Shares closed up 44 cents, or 2.3 percent, to $19.52.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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