Ranpak Announces Michael A. Jones Stepping Down as Vice Chairman and Managing Director, North America

Rhea-AI Summary

Ranpak Holdings Corp (NYSE: PACK) announced that Michael A. Jones is stepping down as Vice Chairman and Managing Director, North America, but will remain on the board of directors. Omar Asali, the CEO, praised Jones for his contributions over the past three years, highlighting significant progress in North America. The company is now searching for Jones's successor, who will be based at the global headquarters in Concord Township, Ohio.

Positive

• Michael A. Jones's leadership over the past three years has driven significant progress in North America.
• Ranpak is actively searching for a successor, indicating ongoing commitment to leadership stability.

Negative

• None.

Mr. Jones to continue to serve as a member of the board of directors

CONCORD TOWNSHIP, Ohio--(BUSINESS WIRE)-- Ranpak Holdings Corp. (“Ranpak”) (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, today announced that Michael A. Jones is stepping down from his role as Vice Chairman and Managing Director, North America. Mr. Jones will continue to serve as a non-employee member of the board of directors.

“I’d like to express my sincere gratitude for Mike’s commitment and contributions to Ranpak,” said Omar Asali, Chairman & Chief Executive Officer of Ranpak. “His leadership over the past three years has enabled us to make significant progress towards our key goals in North America and I look forward to his continued involvement at the Board level.”

Ranpak has commenced a search to identify a candidate to succeed Mr. Jones as Managing Director, North America; the position will be located at its global headquarters in Concord, Ohio.

For additional information about Ranpak, please visit www.ranpak.com.

About Ranpak
Founded in 1972, Ranpak's goal was to create the first environmentally responsible system to protect products during shipment. Ranpak’s mission is to deliver sustainable packaging solutions that help improve supply chain performance and costs, reduce environmental impact, and support a variety of growing business needs globally. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak is headquartered in Concord Township, Ohio and has approximately 850 employees. Additional information about Ranpak can be found on its website: https://www.ranpak.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221128005739/en/

Investor Inquiries:

Bill Drew

ir@ranpak.com

US Media Inquiries:

Cory Ziskind

ICR 646-277-1232

Cory.Ziskind@icrinc.com

Source: Ranpak Holdings Corp

Source: Ranpak Holdings Corp.

FAQ

What is the recent leadership change at Ranpak Holdings Corp (PACK)?

Michael A. Jones is stepping down as Vice Chairman and Managing Director for North America but will remain on the board.

Who is stepping in to replace Michael A. Jones at Ranpak?

Ranpak is currently searching for a candidate to succeed Michael A. Jones as Managing Director, North America.

What role will Michael A. Jones continue to hold at Ranpak?

He will continue to serve as a non-employee member of the board of directors.

What does the leadership change mean for Ranpak's future?

The change could indicate a shift in strategic direction, though Jones's contributions have been recognized as significant.