Appvion, Inc. announced that Tom Ferree, the company's CFO for the past 10 years, will retire from Appvion on June 30, 2017. As part of the planned transition, Luke Kelly will succeed Ferree and serve as vice president of finance and CFO. Kelly, who is currently Appvion's corporate controller, will report to Kevin Gilligan, Appvion's CEO.
Kelly joined Appvion as corporate controller in March 2016 following 16 years of progressive financial management experience with The Manitowoc Company, a $3.4 billion multi-industry, capital goods manufacturer with manufacturing, distribution and service facilities in 20 countries. Kelly served as senior vice president of finance & IT for the company's $1.7 billion foodservice segment. Prior to that, he served as vice president of finance for the Lattice Crawler Crane & Crane Care product lines.
Appvion produces thermal, carbonless, security, inkjet, digital specialty and colored papers.