Mundelein-based Z Trim Holdings Inc. has named Roger Stone, CEO of KapStone Paper and Packaging Corp, to the biotechnology company's advisory board.
Stone will assist Z Trim's management team with strategic planning and business development initiatives involving the company's new industrial ingredients division unveiled last month. and will leverage Z Trim's exclusive technologies to address critical needs in oil drilling, hydraulic fracturing, petroleum coke, steel, aluminum and paper production and other industries.
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Stone, who is the founder and CEO of several leading paper and container companies, has also investing in the company through Brightline Ventures. He joins an advisory board of corporate executives that includes G. Stephen Finley, former CFO of Baker Hughes, Rick Lenny, Former CEO of Hershey's, Dick Mayer, former CEO of Kraft Foods and Kentucky Fried Chicken, Bob Morrison, former CEO of Quaker Oats and Kraft Foods and Robert Shapiro, former CEO of NutraSweet and Monsanto.
"Thanks to their unique characteristics, Z Trim's industrial ingredients provide superior functionality as binders, adhesives, viscofiers and emulsifiers," said Steve Cohen, Z Trim's CEO. "Roger Stone is someone who not only understands what it takes to start and build a successful business, but also how paper and container manufacturers can leverage our innovative products to reduce expense and improve quality. Mr. Stone's contacts and expertise will enable us to accelerate the development, testing and approval of new products designed specifically for these key target markets."
"Z Trim's products have tremendous potential in a number of industries," said Roger Stone. "I look forward to assisting the management team to help it reach that potential."