Sealed Air Corporation (SEE) said that Jerome Peribere, CEO and president, has advised the company’s board of directors of his intent to retire at the end of December 2017.
The board simultaneously elected Edward (Ted) Doheny II, who served as CEO of Joy Global until its sale to Komatsu in May 2017 as Director, chief operating officer (COO) and CEO-designate, effective 18 September 2017.
As COO of the company, Doheny will have responsibility for the operating businesses and supply chain network and will report to Peribere. In addition, Doheny will work on transitioning with Peribere until December 31, 2017, and will then assume the role of CEO and president, effective January 1, 2018.
“Jerome has led our transformation from a products-based company to a knowledge-based company, created a more unified organization through Sealed Air’s rebranding, dramatically improved employee engagement, and inspired a culture obsessed with customer value creation and a renewed commitment to sustainability. He also implemented new financial disciplines – all of which have greatly improved our quality of earnings and shareholder value,” said William Marino, chairman of the board of directors of Sealed Air.
Sealed Air Corporation (SEE) said that Jerome Peribere, CEO and president, has advised the company’s board of directors of his intent to retire at the end of December 2017.
The board simultaneously elected Edward (Ted) Doheny II, who served as CEO of Joy Global until its sale to Komatsu in May 2017 as Director, chief operating officer (COO) and CEO-designate, effective 18 September 2017.
As COO of the company, Doheny will have responsibility for the operating businesses and supply chain network and will report to Peribere. In addition, Doheny will work on transitioning with Peribere until December 31, 2017, and will then assume the role of CEO and president, effective January 1, 2018.
“Jerome has led our transformation from a products-based company to a knowledge-based company, created a more unified organization through Sealed Air’s rebranding, dramatically improved employee engagement, and inspired a culture obsessed with customer value creation and a renewed commitment to sustainability. He also implemented new financial disciplines – all of which have greatly improved our quality of earnings and shareholder value,” said William Marino, chairman of the board of directors of Sealed Air.
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