Silgan Holdings Announces CEO Succession Plan

Rhea-AI Summary

Silgan Holdings, a top supplier of sustainable rigid packaging solutions, has appointed Adam J. Greenlee as the new CEO, effective September 1, 2021. Greenlee, who joined the company in 2005, previously served as President and Chief Operating Officer. He will succeed Tony Allott, who has been CEO since 2006 and will now serve as Executive Chairman. Silgan recorded annual net sales of approximately $4.9 billion in 2020 and operates 109 facilities globally, leading in dispensing closures and metal containers.

Positive

• Adam J. Greenlee's appointment could bring fresh perspectives and ideas to the company.
• Continuity in leadership as Greenlee has worked closely with Allott for a decade.

Negative

• None.

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, its Board of Directors has appointed Adam J. Greenlee as Chief Executive Officer of the Company, effective September 1, 2021. Mr. Greenlee will also continue as President of the Company. Mr. Greenlee joined Silgan in 2005 and ran its North American Closures operations prior to being appointed Executive Vice President of the Company in October 2007. Mr. Greenlee was named Chief Operating Officer of the Company in 2009 and was appointed President of the Company in April 2019. Tony Allott has served as Chief Executive Officer of the Company since March 2006, only its second CEO since its founding in 1987. Mr. Allott will continue to serve as Executive Chairman of the Company.

“Adam and I have worked closely together on every major activity of Silgan for the past decade and he has been responsible for the oversight of each of our operating businesses in recent years. Just as importantly, Adam understands and personifies the unique culture of our Company and has consistently shown his ability to deliver results as Silgan has continued on its path of growth and success. While I am sure his leadership will explore new ideas and opportunities, I am equally confident it will be founded on the ideals and principles that have served us so well in the past,” said Tony Allott, Chairman and CEO.

For more information on Mr. Allott and Mr. Greenlee, please visit www.silganholdings.com/management/index.shtml

Silgan is a leading supplier of sustainable rigid packaging solutions for consumer goods products with annual net sales of approximately $4.9 billion in 2020. Silgan operates 109 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 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/20210701005162/en/

FAQ

Who is the new CEO of Silgan Holdings?

Adam J. Greenlee has been appointed as the new CEO of Silgan Holdings, effective September 1, 2021.

What were Silgan Holdings' annual sales in 2020?

Silgan Holdings reported annual net sales of approximately $4.9 billion in 2020.

Who did Adam J. Greenlee succeed as CEO?

Adam J. Greenlee succeeded Tony Allott as CEO of Silgan Holdings.

How long has Tony Allott been CEO of Silgan Holdings?

Tony Allott served as CEO of Silgan Holdings since March 2006.