CROWN HOLDINGS ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION

Rhea-AI Summary

Crown Holdings (NYSE: CCK) announced key executive leadership changes effective July 1, 2025. Djalma Novaes, Jr., current President of Americas Division, will be promoted to Executive Vice President and Chief Operating Officer, overseeing Americas and European Divisions, Global Sourcing, and CMB Engineering. Gerard Gifford, who has served as EVP and COO since 2017, will transition to Executive Vice President and Chief Administrative Officer until his planned retirement in early 2026. Under Novaes' leadership since 2015, the Americas Division has doubled its segment income and strengthened market positions. Novaes brings 27 years of experience with Crown, having joined in 1998, and holds a BS in Mechanical Engineering and an MBA. Gifford, who joined Crown in 1983, has been credited with driving exceptional results through customer satisfaction and operational excellence.

Positive

• Novaes has led Americas Division to double its segment income since 2015
• Smooth leadership transition with experienced internal candidate (27 years at Crown)
• Novaes brings strong operational and commercial expertise from multiple leadership roles
• Planned and orderly transition with Gifford remaining until early 2026

Negative

• Loss of long-term executive Gifford with 43 years of company experience
• Potential disruption in leadership style and strategy with new COO

News Market Reaction

+1.68%

1 alert

+1.68% News Effect

On the day this news was published, CCK gained 1.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TAMPA, Fla., June 16, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that Djalma Novaes, Jr., currently President of the Company's Americas Division, will be promoted to Executive Vice President and Chief Operating Officer, effective July 1, 2025. In his new role, Mr. Novaes will oversee the Company's Americas and European Divisions. He will also assume responsibility for Global Sourcing and the Company's can manufacturing equipment business, CMB Engineering.

On the same date, Gerard Gifford, who has served as Executive Vice President and Chief Operating Officer since 2017 and has been with the Company since 1983, will transition to the role of Executive Vice President and Chief Administrative Officer. He will serve in this capacity until his planned retirement in early 2026.

Mr. Novaes joined Crown in 1998 and has led the Americas Division, the Company's largest business unit, since 2015. Prior to this role, he served as President of Crown's operations in Brazil and as Vice President of Operations for the North American Beverage can business, among other key leadership positions of increasing responsibility. He holds a Bachelor of Science in Mechanical Engineering from Pontifícia Universidade Católica do Rio de Janeiro and an MBA from Fundação Getúlio Vargas in São Paulo.

Commenting on the promotion, Timothy J. Donahue, Chairman, President and Chief Executive Officer, stated: "Under Djalma's leadership, in addition to more than doubling segment income, the Company has strengthened its competitive position across each market it serves in the Americas. Djalma's strategic vision, coupled with his deep operational and commercial expertise, makes him well-suited to take on this expanded leadership role."

Mr. Donahue continued: "I would like to extend my heartfelt thanks to Jerry for his many years of outstanding contributions to the Company's success. His unwavering commitment to customer satisfaction, operational excellence, and talent for building strong teams has been instrumental in driving exceptional results. Prior to his current role, he served as President of our European Division and previously led our North American Beverage can business in addition to several previous senior operational positions. On a personal note, it has been a privilege to work alongside Jerry. We are deeply grateful for the lasting positive impacts Jerry has made to the Company and wish him all the best in his well-earned retirement."

About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com.

For more information, contact:
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

View original content:https://www.prnewswire.com/news-releases/crown-holdings-announces-executive-leadership-transition-302481459.html

SOURCE Crown Holdings, Inc.

FAQ

Who is the new COO of Crown Holdings (CCK)?

Djalma Novaes, Jr., previously President of Crown's Americas Division, will become Executive Vice President and COO effective July 1, 2025.

What is happening to Crown Holdings' current COO Gerard Gifford?

Gerard Gifford will transition to Executive Vice President and Chief Administrative Officer until his planned retirement in early 2026.

What are Djalma Novaes' achievements at Crown Holdings?

Under Novaes' leadership since 2015, Crown's Americas Division more than doubled its segment income and strengthened its competitive position across all markets.

What will be Djalma Novaes' responsibilities as CCK's new COO?

Novaes will oversee Crown's Americas and European Divisions, Global Sourcing, and the CMB Engineering can manufacturing equipment business.

How long has Gerard Gifford been with Crown Holdings?

Gerard Gifford has been with Crown Holdings since 1983, serving as Executive Vice President and COO since 2017.