Anchor Glass CEO resigns

The changes will be effective March 31, the company said in a release. Campbell will continue to serve as a consultant to the company until Dec. 31, 2005, focusing on strategic issues, sales and labor relations.

Anchor's board has retained the search firm of Heidrick & Struggles in connection with the election of a new chief executive officer.

Carlton Donaway, Anchor's chairman and the board's lead director on Anchor's ongoing operational review, is leading the search.

In addition, Anchor is continuing its search for a permanent chief financial officer.

The board has also appointed an interim operating committee to manage the day-to-day operations of the company (NASDAQ: AGCC), following the effective date of Campbell's resignation, until a replacement is selected.

The members of the operating committee are Peter T. Reno, vice president and interim chief financial officer, Richard Kabaker, vice president, general counsel and secretary, and Roger L. Erb, executive vice president - operations and engineering.

600450 Anchor Glass CEO resigns
Date: 11 March 2005

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