American Greetings has promoted Gregory Steinberg to CFO, effective March 1. Steinberg was most recently the company's corporate treasurer.
He will be responsible for all finance functions at the company. The previous CFO, Stephen J. Smith, recently resigned to accept another employment opportunity.
"We are very pleased to promote Greg to the role of CFO. Greg has already demonstrated leadership in leading our organization through complex transactions, managing key stakeholders, and we are confident that this transition will be seamless,” said co-CEO Zev Weiss. “In addition, we have a very talented and experienced finance team that will support Greg and the rest of the organization. Steve Smith has been a valued member of the management team over the past decade. He will be missed, and we wish him well.”
Steinberg has been the corporate treasurer at American Greetings since 2006 where he was responsible for managing relationships with lenders and rating agencies to ensure the company's access to the capital markets. As treasurer, he oversaw the company's global cash management, foreign exchange, risk management and various financial planning and analysis functions. He also plays a key role in M&A activities including the acquisitions of Recycled Paper Greetings, Papyrus and the recent management led buyout of American Greetings.
Steinberg previously served as the executive director of investor relations, assistant treasurer and has held a number of other positions in the credit, finance and treasury operations of the company since first joining American Greetings in 1996. He started his career in finance at Western Management, a management company for a diversified portfolio of businesses in the auto industry, was a finance instructor at a local college and was assistant treasurer at GrafTech International, a developer and manufacturer of graphite and carbon material solutions.