Board Converting News, February 20, 2023

Drees To Succeed Kotek As CEO, President Of Menasha Corporation Neenah, Wisconsin based Menasha Corporation has an- nounced that James M. Kotek will retire from his position as President and Chief Executive Officer in March. The

Donald C. Shepard, III, Chairman of the Board, Menasha Corporation. “Jim led Menasha Corporation through a pe- riod of unprecedented growth while maintaining a singular focus on a guiding principle—people first. The Board and our shareholders are sincerely grateful to Jim for his ded- ication to Menasha Corporation and wish him all the best in his retirement.” “It has been an extraordinary honor to serve as Chief Executive Officer of Menasha Corporation,” said Kotek. “To have had the opportunity to lead such a unique and histor- ic business has been humbling. I’m proud of the success we achieved and of every employee who contributed to making that success possible. Finally, I’m confident that Chris Drees is the right leader to build on that foundation and drive the Company to even higher levels of success in the future.” Drees joins Menasha Corporation following a suc- cessful 24-year career at Brunswick Corporation, during which he progressed through successively

Menasha Corporation Board of Di- rectors has appointed Christopher D. Drees to succeed Kotek effective March 13, 2023. Drees will also join the Menasha Corporation Board on that date. “On behalf of the Board of Direc- tors, the executive leadership team,

James Kotek

and Menasha Corporation’s 7,500 employees, I want to thank Jim for his 32 years of dedicated service to our company, 14 of those years as President and CEO,” said

more responsible op- erational and general management roles culminating in his 2019 appointment as President of Mercury Marine, Brunswick’s largest division.

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Christopher Drees

“The Board is excited about the future of the Company under Chris’ leadership. As we have gotten to know Chris better, it became clear that his strategic vision, deep manufacturing and operations experience, and impressive leadership skillset make him a tremendous fit for Menasha Corpora- tion’s CEO role,” said Shepard. “I want to thank Jim Kotek for his dis- tinguished leadership at Menasha Corpo- ration and the Board for its confidence in me as I step into this role,” said Drees “I am honored and excited to lead a company with such a long history of success and one that also gives so much back to the commu- nities in which it operates.” Menasha Corporation is a corrugated and plastic packaging manufacturer and supply chain solutions provider specializ- ing in retail merchandising packaging and displays, plastic reusable containers and pallets, protective packaging interiors, and packaging supply chain and fulfillment ser- vices. Established in 1849, Menasha Corpo- ration is one of America’s oldest privately held, family-owned manufacturing compa- nies employing more than 7,500 employ- ees in 105 facilities in North America and Europe. Visit menashacorporation.com for more information.

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10 February 20, 2023

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