Silgan Announces Appointment of Anthony J. Allott as Non-Executive Chairman of the Board

Rhea-AI Summary

Silgan Holdings Inc. (Nasdaq:SLGN) announces the appointment of Anthony J. Allott as Non-Executive Chairman of the Board, effective April 1, 2022. This transition follows a long-term succession planning strategy successfully implemented over the past several years. Allott has over 20 years of leadership experience at Silgan and nearly 30 years in the packaging industry. The company reported approximately $5.7 billion in annual net sales for 2021, operating 113 facilities across North and South America, Europe, and Asia, specializing in sustainable rigid packaging solutions.

Positive

• Anthony J. Allott brings over 20 years of leadership experience at Silgan, strengthening the Board's guidance.
• Continuation of a structured long-term succession plan may enhance stability and strategic direction.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that, as part of the continuation of its long-term succession planning, Anthony J. Allott has been appointed Non-Executive Chairman of the Board of Directors of the Company, effective April 1, 2022, having served as Executive Chairman until that time.

“This is the next planned logical step of our long-term succession plan which we have been successfully implementing over the last several years. With his experience leading Silgan for twenty years and his almost thirty years of experience in packaging, we are delighted that Tony will continue to lead our Board of Directors, and we look forward to his continued leadership and guidance,” said Adam Greenlee, President and CEO.

Silgan is a leading supplier of sustainable rigid packaging solutions for consumer goods products with annual net sales of approximately $5.7 billion in 2021. Silgan operates 113 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for food, beverage, health care, garden, home, personal care, fragrance and beauty products. The Company is also a leading supplier of metal containers in North America and Europe for food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006266/en/

Robert B. Lewis

(203) 406-3160

Source: Silgan Holdings Inc.

FAQ

What leadership change occurred at Silgan Holdings Inc. in April 2022?

Anthony J. Allott was appointed Non-Executive Chairman of the Board, transitioning from Executive Chairman.

What is the significance of Anthony J. Allott's appointment at Silgan Holdings?

Allott's extensive experience in packaging and leadership at Silgan may positively influence the company's strategic direction.

What were Silgan Holdings' annual net sales in 2021?

Silgan Holdings had annual net sales of approximately $5.7 billion in 2021.