Sealed Air, a US-based packaging solutions provider, has appointed Dustin Semach as its new CEO.
The company’s board of directors and current CEO Patrick Kivits have mutually agreed to a leadership transition, with Kivits subsequently stepping down from this role.
Semach said: “We have made great progress in refocusing on our end markets with our reorganisation 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.”
Previously, Semach held the position of president and CFO at Sealed Air.
In the wake of these changes, Veronika Johnson, formerly the company’s chief accounting officer, steps up as the interim CFO.
Sealed Air board chair Henry Keizer said: “Our focus has been on rebuilding the [company’s] foundation by realigning our businesses on a market basis, revitalising our commercial approach and rightsizing 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.”
Last November, Sealed Air reported net sales of $1.35bn for the third quarter of 2024.
