Spectrum Plastics Group (SPG) announced that John Wolf, President of Spectrum Plastics Films Division, has been appointed interim President and Chief Executive Officer. Thomas J. Sullivan will be stepping down from his roles as President and CEO effective December 26, 2021.

Sullivan will remain an investor in Spectrum and is committed to assisting with a smooth and orderly transition of leadership for the Company. The Board of directors has unanimously elected Mr. Wolf as the Company's interim President and Chief Executive Officer, starting on December 27, 2021.

Wolf has served as President of Spectrum's Plastic Films Division for nearly three years and is a proven commercial and operations leader with over two decades of experience driving market-leading growth for global business-to-business companies in consumer, industrial and medical end markets.

Wolf brings over 20 years of professional experience delivering strong and sustainable growth, customer service improvement and operational efficiencies across multiple business disciplines. Prior to joining Spectrum, he spent nearly 20 years with Sealed Air Corporation, holding executive leadership roles including Global Vice President and General Manager for the Automated Fulfillment Solutions Business Unit, Global Vice President of Marketing for the $1.6 billion Product Care Packaging Division, Vice President of Global General Packaging and Vice President of Strategy and Execution. He earned a Bachelor of Science in Chemical Engineering from North Carolina State University.