Imperial Bag & Paper Announces CFO Departure; Appoints Paul M. Cervino Interim CFO

JERSEY CITY, N.J.–(BUSINESS WIRE)–BCPE Empire Topco, Inc. and its subsidiary Imperial Bag & Paper Co LLC (Imperial Dade) today announced their Chief Financial Officer, Marc Mongulla, will be leaving the company to pursue a new opportunity, effective August 30, 2019.

While the company performs an executive search to identify a successor to Mr. Mongulla, Paul M. Cervino, Imperial’s former Chief Financial Officer and current Chief Administrative Officer, will temporarily re-assume the role of CFO. Mr. Cervino has been with Imperial for 10 years, serving in various financial and administrative roles.

“On behalf of everyone at Imperial and our Board of Directors, I want to thank Marc for his financial leadership and many contributions during his tenure as CFO. We wish him success in his new endeavor,” said Robert Tillis, chief executive officer. “We have full confidence in Paul’s ability to lead our finance operations, and we expect a smooth transition. We are grateful for his experience and leadership while our search is underway for a new chief financial officer. We look forward to updating our financial partners on our second quarter financial results in our next earnings call.”

“I have enjoyed working at Imperial, and I wish the company well. I remain fully committed to helping Paul and the Imperial team ensure a seamless transition,” said Mr. Mongulla.

About Imperial Dade

Founded in 1935, Imperial Dade is a leading distributor of disposable food service and janitorial supplies in the Northeast, Mid-Atlantic, Southeast, Southwest and Midwest regions and Puerto Rico. Since CEO Robert Tillis and President Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the disposable food service and janitorial supplies industry. For additional information, please visit www.imperialdade.com.

About Bain Capital Private Equity

Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of approximately 240 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 19 offices on four continents. The firm has made primary or add-on investments in more than 760 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, public equity venture capital and real estate, managing approximately $105 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.

Contacts

Angel Galang, 201.437.7440 x4019 or 551.200.1755

 

error: Content is protected !!