Sealed Air Announces Leadership Changes and Re-affirms Full Year 2024 Outlook
Sealed Air (NYSE: SEE) announced significant leadership changes, with Dustin Semach appointed as President and CEO, effective immediately. Semach, who previously served as President and CFO, replaces Patrick Kivits, who has stepped down from his positions as CEO and board member. Veronika "Roni" Johnson, the current Chief Accounting Officer, has been appointed Interim CFO while the company conducts an internal and external search for a permanent CFO.
Board Chairman Henry Keizer emphasized the company's focus on rebuilding its foundation through market-based business realignment and cost structure optimization. The company has recently transformed into two market-focused segments: Food and Protective. Sealed Air reaffirmed its full year 2024 financial guidance as previously announced on November 7, 2024, with fourth quarter and full year results to be reported on February 25, 2025.
Sealed Air (NYSE: SEE) ha annunciato importanti cambiamenti nella leadership, con Dustin Semach nominato Presidente e CEO, con effetto immediato. Semach, che in precedenza ha ricoperto il ruolo di Presidente e CFO, sostituisce Patrick Kivits, che si è dimesso dalle sue posizioni di CEO e membro del consiglio. Veronika "Roni" Johnson, attuale Chief Accounting Officer, è stata nominata CFO ad interim mentre l'azienda conduce una ricerca interna ed esterna per un CFO permanente.
Il Presidente del Consiglio Henry Keizer ha sottolineato l'importanza per l'azienda di ricostruire le proprie fondamenta attraverso un riallineamento aziendale basato sul mercato e l'ottimizzazione della struttura dei costi. Recentemente, l'azienda si è trasformata in due segmenti focalizzati sul mercato: Alimentare e Protettivo. Sealed Air ha confermato le proprie previsioni finanziarie per l'intero anno 2024, come annunciato in precedenza il 7 novembre 2024, con i risultati del quarto trimestre e dell'intero anno che saranno riportati il 25 febbraio 2025.
Sealed Air (NYSE: SEE) anunció cambios significativos en el liderazgo, con Dustin Semach nombrado Presidente y CEO, con efecto inmediato. Semach, que anteriormente se desempeñó como Presidente y CFO, reemplaza a Patrick Kivits, quien ha renunciado a sus posiciones como CEO y miembro de la junta. Veronika "Roni" Johnson, la actual Directora de Contabilidad, ha sido nombrada CFO interina mientras la empresa lleva a cabo una búsqueda interna y externa para un CFO permanente.
El Presidente de la Junta, Henry Keizer, enfatizó el enfoque de la empresa en reconstruir su base a través de una reestructuración empresarial basada en el mercado y la optimización de la estructura de costos. Recientemente, la compañía se ha transformado en dos segmentos enfocados en el mercado: Alimentación y Protección. Sealed Air reafirmó su guía financiera para todo el año 2024, como se anunció anteriormente el 7 de noviembre de 2024, con los resultados del cuarto trimestre y del año completo que se informarán el 25 de febrero de 2025.
Sealed Air (NYSE: SEE)는 Dustin Semach을 즉시 발효되는 사장 겸 CEO로 임명하며 중요한 리더십 변화를 발표했습니다. Semach는 이전에 사장 겸 CFO로 재직했으며, CEO와 이사회 멤버직에서 물러난 Patrick Kivits를 대체합니다. Veronika "Roni" Johnson은 현재 회계 책임자로서, 영구 CFO를 찾기 위해 내부 및 외부 검색을 수행하는 동안 임시 CFO로 임명되었습니다.
이사회 의장인 Henry Keizer는 시장 중심의 비즈니스 재편성과 비용 구조 최적화를 통해 회사의 기초를 재건하는 데 집중하고 있다고 강조했습니다. 회사는 최근 두 개의 시장 중심 세그먼트인 식품 및 보호로 변모했습니다. Sealed Air는 2024년 전체 연도 재무 가이드를 2024년 11월 7일에 발표한 대로 재확인했으며, 4분기 및 전체 연도 결과는 2025년 2월 25일에 보고될 예정입니다.
Sealed Air (NYSE: SEE) a annoncé des changements significatifs dans la direction, avec Dustin Semach nommé Président et CEO, avec effet immédiat. Semach, qui a précédemment occupé le poste de Président et CFO, remplace Patrick Kivits, qui a démissionné de ses fonctions de CEO et de membre du conseil d'administration. Veronika "Roni" Johnson, l'actuelle Directrice Comptable, a été nommée CFO par intérim pendant que l'entreprise effectue une recherche interne et externe pour un CFO permanent.
Le Président du Conseil, Henry Keizer, a souligné l'importance pour l'entreprise de reconstruire ses bases par le biais d'un réalignement commercial basé sur le marché et d'une optimisation de la structure des coûts. Récemment, l'entreprise s'est transformée en deux segments axés sur le marché : Alimentaire et Protecteur. Sealed Air a confirmé ses prévisions financières pour l'année 2024, comme annoncé précédemment le 7 novembre 2024, avec les résultats du quatrième trimestre et de l'année complète devant être publiés le 25 février 2025.
Sealed Air (NYSE: SEE) hat bedeutende Veränderungen in der Führung angekündigt, wobei Dustin Semach mit sofortiger Wirkung zum Präsidenten und CEO ernannt wurde. Semach, der zuvor als Präsident und CFO tätig war, ersetzt Patrick Kivits, der von seinen Positionen als CEO und Vorstandsmitglied zurückgetreten ist. Veronika "Roni" Johnson, die derzeitige Chief Accounting Officer, wurde interimistisch zur CFO ernannt, während das Unternehmen eine interne und externe Suche nach einem permanenten CFO durchführt.
Der Vorsitzende des Vorstands, Henry Keizer, betonte den Fokus des Unternehmens auf den Wiederaufbau seiner Grundlage durch marktbasierte Geschäftsneuausrichtung und Optimierung der Kostenstruktur. Das Unternehmen hat sich kürzlich in zwei marktgerichtete Segmente verwandelt: Lebensmittel und Schutz. Sealed Air bestätigte die Finanzprognose für das gesamte Jahr 2024, wie bereits am 7. November 2024 angekündigt, und die Ergebnisse des vierten Quartals sowie des gesamten Jahres werden am 25. Februar 2025 veröffentlicht.
- Reaffirmation of full year 2024 financial guidance indicates stability during leadership transition
- Reorganization into two distinct market-focused segments (Food and Protective) for better market alignment
- New CEO brings internal knowledge and experience as former CFO
- Sudden CEO departure could indicate internal challenges or strategic disagreements
- Interim CFO appointment creates temporary leadership uncertainty
- Additional executive search costs for new permanent CFO
The Board of Directors and Patrick Kivits have mutually agreed to transition Sealed Air's leadership. Mr. Kivits has stepped down as Chief Executive Officer and as a member of the Board, effective immediately.
Mr. Semach most recently served as the Company's President and Chief Financial Officer. Veronika "Roni" Johnson, currently the Chief Accounting Officer, has been appointed the Interim Chief Financial Officer. The Company has begun a search, internally and externally, for a new Chief Financial Officer with a leading executive search firm.
Henry Keizer, Sealed Air Board Chairman said, "Our focus has been on rebuilding the foundation by re-aligning our businesses on a market basis, revitalizing our commercial approach and right sizing our cost structure. As we enter the next phase of our transformation, our success requires a leader with a deep understanding of our businesses and a strong sense of urgency. Dustin has proven that he is the best leader to take the business forward with his relentless focus on execution, customer-centric approach, ability to build a high-performing culture, and strong financial and operational skills."
Mr. Keizer continued, "We thank Patrick for his contributions in our recent transformation back into two market-focused business segments and wish him the best in his future endeavors."
Mr. Keizer continued, "As we look to Sealed Air's future, the Board is confident in Dustin's ability to work with the new segment Presidents, each possessing extensive packaging and commercial expertise, along with their global teams to maximize value for our shareholders. Together, they will accelerate efforts to enhance customer focus, drive profitable growth, streamline our operations, deploy capital effectively and foster a relentless commitment to shareholder returns."
Mr. Semach said, "We have made great progress in refocusing on our end-markets with our reorganization into two distinct businesses, Food and Protective. We still have significant opportunities to enhance our growth prospects through better partnering with customers, improving our cost positions and focusing our deep innovation capabilities to develop solutions that solve our customers' most pressing problems. I look forward to continuing to partner with the Board of Directors, each segment leader and all the employees of Sealed Air in meeting these challenges and driving profitable growth in 2025 and beyond."
Full Year 2024 Outlook
Concurrently with the foregoing announcement, Sealed Air Corporation reaffirms its financial guidance for full year 2024, as provided in a press release issued on November 7, 2024. Mr. Semach and Ms. Johnson will discuss the Company's financial results and operational progress when Sealed Air reports its fourth quarter and full year results on Tuesday, February 25, 2025.
About Sealed Air
Sealed Air Corporation (NYSE: SEE), is a leading global provider of packaging solutions that integrate sustainable, high-performance materials, automation, equipment and services. Sealed Air designs, manufactures and delivers packaging solutions that preserve food, protect goods and automate packaging processes. We deliver our packaging solutions to an array of end markets including fresh proteins, foods, fluids and liquids, medical and life science, e-commerce retail, logistics and omnichannel fulfillment operations, and industrials. Our globally recognized solution brands include CRYOVAC® brand food packaging, LIQUIBOX® brand liquids systems, SEALED AIR® brand protective packaging, AUTOBAG® brand automated packaging systems, and BUBBLE WRAP® brand packaging. In 2023, Sealed Air generated
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words as "anticipate," "believe," "plan," "assume," "could," "should," "estimate," "expect," "intend," "potential," "seek," "predict," "may," "will" or the negative of these terms and similar expressions. All statements contained in this press release, other than statements of historical facts, such as those regarding our growth initiatives, business strategies, operating plans, business outlook, restructuring activities and market conditions, are forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that may cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. These risks include important factors discussed in the "Risk Factors" section in Part I of our most recent Annual Report on Form 10-K, as updated by our other filings with the Securities and Exchange Commission.
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Company Contacts
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919.673.3218
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