Board Converting News, November 14, 2022

McIlvaine To Retire As CEO Of TRG, Miller To Become President & CEO Bob McIlvaine will retire as CEO of The Royal Group (TRG) effective December 31, 2022. McIlvaine joined TRG in 1990 and was named President in 1995. He has been in- strumental to the success of TRG throughout his 32-year career. During his tenure with TRG, McIlvaine built an amazing management team, modernized the manufac- turing capabilities, and increased sales every year under his leadership. These achievements were accomplished during some of the most challenging times including the great recession financial crisis and the pandemic. “We thank Bob for his leadership and commitment to the company and our family culture”, said John Schwarz, General Partner at Schwarz Partners. Effective January 1, 2023, Kevin Miller will assume the role of President & CEO of The Royal Group. Miller began his career with TRG as a sales representative in 2006. Af- ter leaving TRG to run a consulting firm focusing on help- ing CEOs and their companies find, train, and develop tal- ent, he rejoined TRG in 2017. Since his return, Miller has held several roles, including Vice President of Business Development, Vice President and Mid-Atlantic General Manager, and Vice President and Eastern Regional Gen- eral Manager. “Kevin has excelled in every role assigned to him, most

notably his current role as president,” added Schwarz. “The Schwarz Family is excited to have Kevin as CEO and expect our success to continue with his leadership. Bob and Kevin have built a great team in TRG and worked seamlessly on this transition. We will miss Bob’s tenured leadership and are confident in Kevin and the manage- ment team’s ability to lead us to further success.”

Greif Confirms Investments In Two Recycling Operations

Greif’s Paper Packaging and Services (PPS) business has confirmed two significant investments in its recycling oper- ations to support its growth strategy in sustainable paper packaging solutions. A new 81,000-square-foot paper recycling facility for collecting, processing, and baling has opened in Florence, Kentucky, bringing Greif’s total number of recycling facili- ties across North America to 19. In addition, Greif has more than doubled the size of its paper fiber recycling plant in Nashville, Tennessee, to en- hance efficiency and support accelerated growth. The ex- panded facility covers a floor space of 72,000-square-feet. Both plants are located in areas where demand for a collection of waste fiber and the supply of recycled paper and board is experiencing continued growth. CONTINUED ON PAGE 10

8 November 14, 2022

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