Peter Durette has been named CEO of Intertape Polymer Group (IPG), a global provider of packaging and protective solutions. He also will be a member of the board of directors.
Former CEO Gregory Yull will retire from full-time duties after over 30 years with IPG, including 12 years as CEO and president. He will work with Durette as an adviser during the transition, according to a news release from Clearlake Capital Group, L.P.
Together with its affiliates, Clearlake acquired IPG in June in a deal that took the company private.
Durette has more than 25 years of experience leading and transforming global organizations in the packaging sector. Prior to joining IPG, he served as president of the corrugated packaging business at WestRock Corporation (NYSE: WRK).
Durette led a number of other businesses at WestRock and served as chief strategy officer for the company. While at WestRock, Durette was responsible for the post-merger integration of MeadWestvaco and RockTenn, which resulted in the formation of WestRock. He also played a key role in scaling WestRock into one of the largest corrugated packaging companies globally.
Headquartered in Sarasota, Florida, IPG is a global provider of packaging and protective solutions. The company develops, manufactures, and sells various solutions including paper- and film-based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and nonwoven products, and packaging machinery.
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other related strategies. It is headquartered in Santa Monica, California.