Menasha Announces Key Promotions, Corporate Office Re-Structuring

5/15/2005

NEENAH, Wis...

Menasha Corporation President and CEO Art Huge announced today the promotion of several top executives and re-structuring of the corporate office. The three executives will take on additional responsibilities during the strategic transition of the company. The promotions are effective immediately.

Jim Sarosiek, corporate vice president, general counsel and corporate secretary, has been promoted to executive vice president, chief administrative officer and corporate secretary. Sarosiek, who has been with Menasha since 1977 and was the company's first general counsel, will be responsible for daily oversight and management of corporate office functions including treasury, accounting, tax, law, human resources, corporate development, IT and communications.

"This promotion reflects Jim's superior leadership capabilities as well as his commanding knowledge of the overall corporation and the Smith Family shareholders," said Huge. "It also reflects the importance I place on Jim's strategic counsel and advice."

Bob Dring, Menasha Corporation treasurer, has been promoted to vice president treasurer. Dring's duties will include treasury services, cash management, corporate real estate, bank relations and insurance/risk management, credit and collections, leasing oversight, and general corporate finance. Dring joined Menasha in June 2002 as assistant treasurer.

Mark Gorzek, Menasha's corporate controller, has been promoted to vice president controller. Gorzek's responsibilities will include providing critical, real-time financial advice and analysis to Menasha's leadership as well as to the company's businesses. Gorzek came to Menasha as director of financial reporting and analysis in Sept. 2003.

"Bob and Mark's promotions reflect the great work they have done, along with Vice President Tax Kevin Head, as key leaders of the finance team during this period of important transition," said Huge. "Their leadership and sound technical skills have helped the corporation improve financial controls and reporting, complete important acquisitions and divestitures, and form new businesses, such as LeveragePoint Media. They also provided critical assistance to the board of directors and myself during the strategic review of the company's businesses."

Huge was promoted to Menasha Corporation president and CEO on May 9. He had been a corporate vice president and Menasha's chief financial officer.