CSS Industries, Inc. Announces Resignation of
Chief Financial Officer and Appointment of New
Chief Financial Officer
March 31, 2010 09:03 AM Eastern Daylight Time
PHILADELPHIA--(EON: Enhanced Online News)--CSS Industries, Inc. (NYSE:CSS) announced today that,
effective immediately, Clifford E. Pietrafitta has resigned as its Chief Financial Officer and Vincent A. Paccapaniccia
has joined the organization as its new Chief Financial Officer.
Mr. Paccapaniccia has over twenty-five years of leadership experience in both financial and operational positions.
For the past fourteen years, Mr. Paccapaniccia served in various senior financial positions with ICT Group, Inc.,
most recently serving as its Executive Vice President, Finance and Administration and Chief Financial Officer. ICT
Group, Inc, a Newtown, Pennsylvania based company, provides multinational outsourced customer management
and business process outsourcing solutions. Prior to being acquired by Sykes Enterprises, Incorporated in February
2010, ICT Group, Inc. was a public company with its common stock traded on the NASDAQ Stock Market. Prior
to his employment with ICT Group, Inc., Mr. Paccapaniccia served in both financial and operational positions with
Villeroy & Boch and with Lenox Incorporated, companies which design, manufacture and sell home living and
lifestyle products. Mr. Paccapaniccia began his financial career with the accounting firm Deloitte & Touche. He holds
an M.B.A. from Saint Joseph’s University and a B.S. from La Salle University, and is a Certified Public Accountant.
“We appreciate Cliff’s dedicated service to CSS during the last 22 years, and we wish him the very best in his future
business endeavors,” said Christopher J. Munyan, President and Chief Executive Officer of CSS. “During Cliff’s
tenure, he played an important role in the planning and implementation of improvements in our financial systems and
controls, and in our bank financing, cost reduction and acquisition efforts.”
“Vince has an impressive recor