ZURICH, Sept. 4,
2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a
global leader in developing and producing responsible packaging
solutions, today announced that its Board of Directors has
appointed Peter Konieczny as Chief
Executive Officer (CEO). Mr. Konieczny has served as Interim CEO
since April 2024. The Board also
intends to nominate him as a director for election at the Company's
Annual Meeting of Shareholders which is expected to be held in
November 2024.
Amcor Chairman, Mr. Graeme
Liebelt, said, "Peter has demonstrated exceptional
leadership in every role he has held during his career at Amcor,
including as Interim CEO where he has led the Company through a
period of strengthening financial performance and set the business
up for further progress. The Board and I are confident Peter is the
right person to lead Amcor, and we look forward to working with him
to build on the strong foundation the Company has established over
many years."
Mr. Konieczny said, "I am honored and grateful for the
opportunity to lead Amcor as Chief Executive Officer. Amcor is an
outstanding company with highly talented people, a strong sense of
purpose, a proven culture of execution and most importantly,
significant growth potential."
"The business finished fiscal 2024 well with strong earnings
growth, giving us confidence that momentum in the underlying
business will continue to build in fiscal 2025 and beyond. Together
with our continued commitment to safety, customer success and
disciplined capital allocation, I believe Amcor is very well
positioned to deliver industry leading value for our customers, our
shareholders and the environment."
About Peter Konieczny
Mr. Konieczny has been a member of the Amcor Global Management
Team since 2010 and was appointed Interim Chief Executive Officer
in April 2024. Between September 2020 and April
2024, Mr. Konieczny served as Chief Commercial Officer
(CCO), where he oversaw global category and product management,
Sustainability, R&D and Procurement while maintaining
responsibility for the Amcor Flexibles Latin America business. He
also served as President, Amcor Flexibles, Europe, Middle
East & Africa and
Latin America between 2019 and
2020, President, Amcor Flexibles Europe, Middle East & Africa between 2015 and 2019, and President,
Amcor Specialty Cartons between 2010 and 2015. Prior to Amcor, he
had five years of experience in the packaging industry as President
of Silgan White Cap, a global organization specializing in metal
and plastic closures for the food and beverage industries. He held
business group Managing Director and Chief Finance Officer
positions in the heavy industrial equipment industry and has been a
management consultant with McKinsey & Company.
About Amcor
Amcor is a global leader in developing and producing responsible
packaging solutions across a variety of materials for food,
beverage, pharmaceutical, medical, home and personal-care, and
other products. Amcor works with leading companies around the
world to protect products, differentiate brands, and improve supply
chains. The Company offers a range of innovative, differentiating
flexible and rigid packaging, specialty cartons, closures and
services. The company is focused on making packaging that is
increasingly recyclable, reusable, lighter weight and made using an
increasing amount of recycled content. In fiscal year 2024, 41,000
Amcor people generated $13.6 billion
in annual sales from operations that span 212 locations in 40
countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I YouTube
Cautionary Statement Regarding Forward-Looking
Statements
This document contains certain statements that are
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements are generally identified with
words like "believe," "expect," "target," "project," "may,"
"could," "would," "approximately," "possible," "will," "should,"
"intend," "plan," "anticipate," "commit," "estimate," "potential,"
"ambitions," "outlook," or "continue," the negative of these words,
other terms of similar meaning, or the use of future dates. Such
statements are based on the current expectations of the management
of Amcor and are qualified by the inherent risks and uncertainties
surrounding future expectations generally. Actual results could
differ materially from those currently anticipated due to a number
of risks and uncertainties. Neither Amcor nor any of its respective
directors, executive officers, or advisors provide any
representation, assurance, or guarantee that the occurrence of the
events expressed or implied in any forward-looking statements will
actually occur. Risks and uncertainties that could cause actual
results to differ from expectations include, but are not limited
to: changes in consumer demand patterns and customer requirements
in numerous industries; the loss of key customers, a reduction in
their production requirements or consolidation among key customers;
significant competition in the industries and regions in which we
operate; an inability to expand our current business effectively
through either organic growth, including product innovation,
investments or acquisitions; challenging global economic
conditions, impacts of operating internationally; price
fluctuations or shortages in the availability of raw materials,
energy, and other inputs which could adversely affect our business;
production, supply, and commercial risks, including counterparty
credit risks, which may be exacerbated in times of economic
volatility; pandemics, epidemics, or other disease outbreaks; an
inability to attract, motivate and retain our skilled workforce and
manage key transitions; labor disputes and an inability to renew
collective bargaining agreements at acceptable terms; physical
impact of climate change; cybersecurity risks, which could disrupt
our operations or risk of loss of our sensitive business
information; failures or disruptions in our information technology
systems which could disrupt our operations, compromise customer,
employee, supplier and other data; a significant increase in our
indebtedness or a downgrade in our credit rating could reduce our
operating flexibility and increase our borrowing costs and
negatively affect our financial condition and results of
operations; rising interest rates that increase our borrowing costs
on our variable rate indebtedness and could have other negative
impacts; foreign exchange rate risk; a significant write-down of
goodwill and/or intangible assets; a failure to maintain an
effective system of internal control over financial reporting;
inability of our insurance policies, including our use of a captive
insurance company, to provide adequate protection against all of
the risks we face; an inability to defend our intellectual property
rights or intellectual property infringement claims against us;
litigation, including product liability claims or litigation
related to Environmental, Social, and Governance ("ESG") matters or
regulatory developments; increasing scrutiny and changing
expectations from investors, customers, suppliers and governments
with respect to our ESG practices and commitments resulting in
additional costs or exposure to additional risks; changing ESG
disclosure regulations including climate-related rules; changing
environmental, health, and safety laws; changes in tax laws or
changes in our geographic mix of earnings; and other risks and
uncertainties identified from time to time in Amcor's filings with
the U.S. Securities and Exchange Commission (the "SEC"), including
without limitation, those described under Item 1A. "Risk Factors"
of Amcor's annual report on Form 10-K for the fiscal year ended
June 30, 2023 and any subsequent
quarterly reports on Form 10-Q. You can obtain copies of Amcor's
filings with the SEC for free at the SEC's website (www.sec.gov).
Forward-looking statements included herein are made only as of the
date hereof and Amcor assumes no obligation, and disclaims any
obligation to update any forward-looking statements, or any other
information in this communication, as a result of new information,
future developments or otherwise, or to correct any inaccuracies or
omissions in them which become apparent, except as expressly
required by law. All forward-looking statements in this
communication are qualified in their entirety by this cautionary
statement.
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SOURCE Amcor