Smurfit Kappa GrpPLC Statement re Tony Smurfit appointed as Group CEO Designate
01 May 2015 - 4:00PM
UK Regulatory
TIDMSKG
Tony Smurfit appointed as Group CEO Designate
Gary McGann to retire on 31 August, 2015
SKG.I SKG.L
Dublin, London | 1 May 2015: Smurfit Kappa Group ('SKG' or the
'Group') one of the world's largest integrated manufacturers of
paper-based packaging products with operations in Europe and the
Americas, today announces that Mr Gary McGann, Group Chief
Executive Officer (Group CEO) will retire on 31 August, 2015. The
Board has appointed Mr Tony Smurfit, President & Chief
Operating Officer, as Group CEO Designate to succeed Mr McGann on 1
September, 2015.
Liam O'Mahony, SKG Chairman, commented:
"Gary has led the transformation of Smurfit Kappa since his
appointment as Group CEO in 2002. Under his stewardship, the Group
has more than doubled in size, consolidated its position as
European market leader; increased the Group's presence in Latin
America; and, re-entered the US market. He also led the Group's
return to public markets in 2007 in what was the largest ever
capital raising in the sector globally. Gary has been recognised
within the industry and by capital markets as the outstanding CEO
of our sector. The Board is grateful for his substantial
contribution in leading the Group's growth and development over the
last 13 years.
We are extremely pleased to have an experienced executive of
Tony Smurfit's calibre to succeed Gary as CEO. Tony is a respected
industry leader and an effective team builder with a strong track
record of delivery. As Chief Operating Officer, he has been central
to the performance and strategic development of the Group. Both
Gary and Tony will continue to work closely together, over the next
four months, to ensure a seamless transition to new
leadership."
Tony Smurfit, Group CEO Designate, added:
"I am honoured to accept the trust the Board has placed in me
and am committed to building on the team's outstanding contribution
under Gary's leadership. We have a clear vision for Smurfit Kappa
and a highly regarded, performance-oriented, management team to
sustain that vision. Our balance sheet strength and cashflow
generation capability will enable us to accelerate our evolution
towards an ever more successful, market-led, customer centric
packaging company."
Gary McGann, Group CEO, concluded:
"It has been a privilege to lead Smurfit Kappa Group as CEO. I
have been honoured to have the unwavering support of our team of
top class professionals. I am confident that this team will sustain
our vision as the most respected and differentiated supplier in our
chosen markets - consistently delivering industry leading returns.
I am proud to have been a part of the Group during this great
journey and delighted to hand over to Tony Smurfit to whom I extend
my congratulations. I am confident that Tony and the team will
drive the performance of the Group to even greater levels of
success in the years ahead."
About Tony Smurfit
Tony Smurfit has served as a Director since 1989 and was
appointed Group Chief Operations Officer in November 2002. He has
worked in various parts of the Smurfit Kappa Group both in Europe
and the United States since he joined the Group. He was Chief
Executive of Smurfit Europe from October 1999 to 2002 prior to
which he was Deputy Chief Executive of Smurfit Europe and
previously Chief Executive Officer of Smurfit France.
Contacts
Seamus Murphy FTI Consulting
Smurfit Kappa
T: +353 1 202 71 80 T: +353 1 663 36 80
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
About Smurfit Kappa
Smurfit Kappa is one of the leading providers of paper-based
packaging solutions in the world, with around 43,000 employees in
approximately 350 production sites across 33 countries and with
revenue of EUR8.1 billion in 2014. We are located in 21 countries
in Europe, and 12 in the Americas. We are the only large-scale
pan-regional player in Latin America.
With our pro-active team we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with forward
thinking customers by sharing superior product knowledge, market
understanding and insights in packaging trends to ensure business
success in their markets. We have an unrivalled portfolio of
paper-packaging solutions, which is constantly updated with our
market-leading innovations. This is enhanced through the benefits
of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills. Our products, which
are 100% renewable and produced sustainably, improve the
environmental footprint of our customers.
smurfitkappa.com
Check out our microsite:openthefuture.info
This information is provided by Business Wire
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jul 2023 to Jul 2024