Checkpoint Systems, Inc. Announces Appointment of New Board Member
THOROFARE, N.J -- Oct. 26, 2007--Checkpoint Systems, Inc. (NYSE: CKP), a leading manufacturer and marketer of identification, tracking, security and merchandising solutions for the retail industry and its supply chain, today announced that Robert (Rob) P. van der Merwe has been appointed as a member of the Company's Board of Directors effective immediately. The appointment brings the total members of the Company's Board of Directors to 10, of which nine are independent directors.
Mr. van der Merwe has extensive experience in the retail and consumer marketplaces. Since April 2005, Mr. van der Merwe served as President and Chief Executive Officer of Paxar Corporation, and became Chairman of the Board of Paxar in January 2007. He served in these capacities until Paxar's sale to Avery Dennison in June 2007. Prior to joining Paxar, Mr. van der Merwe held numerous executive positions with Kimberly-Clark Corporation from 1980 to 1987 and from 1994 to 2005, including the positions of Group President of Kimberly-Clark's multi-billion dollar global consumer tissue business and Group President of Europe, Middle East and Africa. From 1987 to 1993, Mr. van der Merwe worked at Xerox Corporation as a managing director of its Southern African Operations. Earlier in his career, he was a brand manager at Colgate Palmolive in Southern Africa.
"We are very pleased to have an experienced industry veteran like Rob join our Board," said George Off, Chairman and CEO of Checkpoint. "Rob brings with him an excellent mix of industry knowledge and global experience that make him an excellent fit for Checkpoint Systems' Board. We look forward to benefitting from his unique background and leadership skills as we execute on our strategy moving forward."
About Checkpoint Systems Inc.
Checkpoint Systems, Inc. is the leading supplier of retail shrink management solutions. Checkpoint's global team helps retailers - and their suppliers - reduce theft, increase inventory visibility and provide consumers with greater merchandise availability through the company's rapidly evolving RF technology, expanding shrink management offerings and Check-Net labeling solutions. Checkpoint has more than one million RF devices installed in stores today and has secured more than 100 billion products. Scaling cost efficiently, Checkpoint's solutions provide increased revenues and profits to a fast-growing community of successful retailers and a superior experience for their consumers. Listed on the NYSE (NYSE:CKP), Checkpoint operates in every major geographic market and employs 3,200 people worldwide. For more information, visit www.checkpointsystems.com.
