Pactiv Evergreen Names Jonathan Baksht as Chief Financial Officer
May 31 2022 - 4:30PM
Pactiv Evergreen (NASDAQ: PTVE) today announced that Jonathan
“Jon” Baksht joined the company as Chief Financial
Officer,
effective May 27, 2022. Mr. Baksht
serves as a member of Pactiv Evergreen’s Executive Leadership Team
reporting to its President and Chief Executive Officer, Michael
King. Mr. Baksht joins Pactiv Evergreen after having most recently
served as Executive Vice President and Chief Financial Officer
of Valaris Limited (“Valaris”), the world’s largest global
offshore drilling contractor.
Mr. Baksht succeeds Michael Ragen, Chief
Financial Officer, whose last day at Pactiv Evergreen was also May
27, 2022.
Mr. Baksht has more than 20 years of strong
and diverse financial experience across multiple
industries, including six years as Chief
Financial Officer for Valaris.
Mr. Baksht serves as a key strategic partner to
Mr. King and his executive leadership team, while overseeing every
aspect of the Company’s finance function, including
accounting, financial planning and analysis, investor
relations, tax, treasury and internal audit. He is also responsible
for the Company’s Information Technology function.
“In addition to his dynamic and extensive
financial experience, Jon joins Pactiv Evergreen with a growth
mindset and a proven track record of leading through times of
transformation, integration and growth,” said Mr. King. “He will
lead our talented team to execute our key strategic initiatives,
which we believe will better position the Company for future
growth. Jon’s broad experience is
invaluable to Pactiv Evergreen as we strive to deliver on our
purpose of Packaging a Better Future while creating long-term value
for all our stakeholders.”
Mr. King continued: “On behalf of Pactiv
Evergreen, we thank Mike Ragen for his numerous contributions to
Pactiv Evergreen over the past eight years. We wish him well in his
future endeavors.”
“Pactiv Evergreen is on an exciting journey
towards excellence and long-term growth,” said Mr. Baksht. “I
am thrilled to join the Company during this transformational time
and I am honored to have the opportunity to work alongside Mike
King and his world-class team to serve Pactiv Evergreen’s
customers, communities and shareholders.” Prior to
assuming the role of Chief Financial Officer of Valaris in 2015,
Mr. Baksht served as Vice President – Finance, where he led all
FP&A activities and served as Valaris’ Principal Accounting
Officer. Prior to joining Valaris in 2013, Mr. Baksht spent seven
years in investment banking with Goldman Sachs and started his
career as a Management Consultant with Andersen Consulting.Mr.
Baksht earned a Bachelor of Science Degree with High Honors in
Electrical Engineering from the University of Texas at Austin and a
Masters of Business Administration from the Kellogg School of
Management at Northwestern University.
About Pactiv Evergreen
Inc. Pactiv Evergreen Inc. is one of the largest
manufacturers of fresh food and beverage packaging in North
America. With a team of approximately 16,500 employees, the Company
produces a broad range of on-trend and feature-rich products that
protect, package and display food and beverages for today’s
consumers. Its products, many of which are made with recycled,
recyclable or renewable materials, are sold to a diversified mix of
customers, including restaurants, foodservice distributors,
retailers, food and beverage producers, packers and processors.
Learn more at www.pactivevergreen.com.
Contacts: Investors:Dhaval
Patel732.501.9657 dhaval.patel@pactivevergreen.com
Media:Beth
Kelly412.303.4771beth.kelly@pactivevergreen.com
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