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Spinnaker appoints two new board members

June 19, 2012

Mary Josephs is founder and CEO of Verit Advisors in Chicago, and Glenn L. Bower practices law in Dayton, OH, USA.

Spinnaker Coating LLC, a $100 million manufacturer of adhesive coated papers and films, announced today the appointment of Mary Josephs and Glenn L. Bower to the company’s board of directors.

Josephs, 52, founder and CEO of Chicago-based Verit Advisors, is a nationally recognized leader with more than 28 years of experience with ESOPS as a specialized solution-oriented succession and liquidity transaction for middle market companies. She has advised, structured, and closed more than 200 financings for middle market companies. These transactions represent more than $7 billion in senior credit and nearly $30 billion in enterprise value. Josephs holds a B.A. from Marquette University and an M.B.A from the University of Chicago Booth School of Business.

Bower, 58, practices at the law firm of Coolidge Wall Co., L.P.A., based in Dayton, OH, USA, with particular emphasis on mergers and acquisitions, strategic alliances, health care, and technology law.  With more than 30 years of experience, Bower has represented a variety of public and privately-held businesses, including technology and manufacturing companies, health care entities, and other service providers.  He served as the Chairman of the Coolidge Wall Corporate/Business Department for over ten years and has been listed in The Best Lawyers in America since 1993. Bower holds a B.A. from Pennsylvania State University and a J.D. from Harvard Law School.

“I am excited to welcome these new team members to the board,” said Louis A. Guzzetti, Jr, chairman & chief executive officer of Spinnaker Coating. “Both Mary and Glenn bring wide-ranging experience to the board and will undoubtedly enhance the quality of the board's decision-making and its oversight of our business affairs.”

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