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Published on 9/20/2004 in the Prospect News Distressed Debt Daily.

NexPak's proposed CEO approved by bankruptcy court

By Jeff Pines

Washington, Sept. 20 - NexPak Corp.'s nominee to take over as chief executive officer was approved by the U.S. Bankruptcy Court for the Northern District of Ohio, according to an order filed Friday with the court.

Kevin McShea, of RKG Osnos Partners LLC, will become NexPak's new CEO. He replaces Vincent Leesberg, who resigned as president and CEO.

The board appointed McShea as interim CEO on Sept. 3.

Uniontown, Ohio-based NexPak filed for bankruptcy on July 18. Its Chapter 11 case number is 04-63816.


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