Sealed Air Corporation (NYSE: SEE) today announced that
Christopher J. Stephens will be joining the company as chief
financial officer designate, effective January 1, 2021, succeeding
current CFO James M. Sullivan.
Stephens has more than 30 years of experience in leadership
roles in aerospace, industrial and manufacturing sectors. For the
past 11 years he has served as SVP and CFO at Barnes Group, a
global provider of highly engineered products, technologies and
innovative solutions serving a wide range of industries, including
aerospace, transportation, manufacturing, automation and packaging.
Prior to Barnes Group, he held leadership roles at Fortune 500
companies, including Honeywell, The Boeing Company, Allied Signal
and Ingersoll Rand.
“Chris brings a wealth of financial and operational knowledge to
the table and an impressive record of driving operational success,”
said Ted Doheny, President & CEO of Sealed Air. “Chris will be
a strong addition to our leadership team as we accelerate our
Reinvent SEE business transformation to world-class
performance.”
“I am excited to join Ted and the talented team at Sealed Air. I
look forward to contributing to the future success of the company
by helping to drive sustainable, profitable growth,” said
Stephens.
Stephens holds a bachelor’s degree in accounting from King’s
College and an MBA in Corporate Finance from Virginia Tech’s
Pamplin School of Business. He is a Certified Public Accountant and
a member of the Advisory Board at Fairfield University’s Dolan
School of Business.
Current CFO James Sullivan has been in his role with Sealed Air
since June 2019. Following the filing of Sealed Air’s Annual Report
on Form 10-K for 2020, he will transition to a non-executive
advisory role until the end of Q1 2021 and will work alongside
Stephens to ensure a seamless transition of responsibilities.
“I would like to thank Jim for his leadership at a critical time
for the company,” said Doheny. “As a result of Jim’s contributions,
we are well on our way to driving growth through new opportunities
in automation, digital and sustainability.”
About Sealed Air
Sealed Air is in business to protect, to solve critical
packaging challenges and to leave our world better than we found
it. Our portfolio of leading packaging solutions includes CRYOVAC®
brand food packaging, SEALED AIR® brand protective packaging,
AUTOBAG® brand automated systems, and BUBBLE WRAP® brand packaging,
which collectively enable a safer, more efficient food supply chain
and protect valuable goods shipped around the world. Sealed Air
generated $4.8 billion in sales in 2019 and has approximately
16,500 employees who serve customers in 124 countries. To learn
more, visit www.sealedair.com.
Website Information
We routinely post important information for investors on our
website, www.sealedair.com, in the Investors section. We use this
website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation
FD. Accordingly, investors should monitor the Investors section of
our website, in addition to following our press releases, SEC
filings, public conference calls, presentations and webcasts. The
information contained on, or that may be accessed through, our
website is not incorporated by reference into, and is not a part
of, this document.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which
are outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on
any of these forward-looking statements. Forward-looking statements
can be identified by such words as “anticipate,” “believe,” “plan,”
“assume,” “could,” “should,” “estimate,” “expect,” “intend,”
“potential,” “seek,” “predict,” “may,” “will” and similar
references to future periods. All statements other than statements
of historical facts included in this press release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements. Examples of
forward-looking statements include, among others, statements we
make regarding expected future operating results, expectations
regarding the results of restructuring and other programs,
anticipated levels of capital expenditures and expectations of the
effect on our financial condition of claims, litigation,
environmental costs, contingent liabilities and governmental and
regulatory investigations and proceedings.
The following are important factors that we believe could cause
actual results to differ materially from those in our
forward-looking statements: global economic and political
conditions, currency translation and devaluation effects, changes
in raw material pricing and availability, competitive conditions,
the success of new product offerings, consumer preferences, the
effects of animal and food-related health issues, the effects of
epidemics or pandemics, including the COVID-19, changes in energy
costs, environmental matters, the success of our restructuring
activities, the success of our financial growth, profitability,
cash generation and manufacturing strategies and our cost reduction
and productivity efforts, changes in our credit ratings, the tax
benefit associated with the Settlement agreement (as defined in our
2019 Annual Report on Form 10-K), regulatory actions and legal
matters and the other information referenced in the “Risk Factors”
section appearing in our most recent Annual Report on Form 10-K, as
filed with the Securities and Exchange Commission, and as revised
and updated by our Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Any forward-looking statement made by us is
based only on information currently available to us and speaks only
as of the date on which it is made. We undertake no obligation to
publicly update any forward-looking statement, whether written or
oral, that may be made from time to time, whether because of new
information, future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201124005520/en/
Investor Relations Lori Chaitman
lori.chaitman@sealedair.com 516.458.4455
Media Christina Griffin Christina.griffin@sealedair.com
704.430.5742
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