ZURICH - Amcor (NYSE: NYSE:AMCR; ASX: AMC), a global packaging company, announced the upcoming retirement of its CEO Ron Delia for health reasons, effective April 15, 2024. Delia has served as CEO for nine years and will transition to an advisory role until September 30, 2024. The Board has appointed Peter Konieczny, the current Chief Commercial Officer, as Interim CEO.
Delia's tenure saw significant growth for Amcor, including the Bemis acquisition and strides in sustainability. Amcor Chairman Graeme Liebelt commended Delia's leadership, which he said positioned the company for a strong future. Delia expressed confidence in Amcor's leadership and its trajectory.
Konieczny, with Amcor since 2010 and CCO since 2020, has overseen various strategic areas, including sustainability and innovation. His leadership experience within Amcor and prior roles, including President at Silgan White Cap, positions him as a suitable interim leader.
Amcor also reaffirmed its fiscal 2024 guidance, projecting adjusted EPS of 67 to 71 cents and adjusted free cash flow of $850 million to $950 million, despite the sale of its Russian business and other factors. The guidance reflects a range of market conditions and the Company's operational expectations.
The leadership transition at Amcor comes as the company continues to navigate a complex global market, maintaining its focus on innovation and sustainability in packaging solutions. This announcement is based on a press release statement from Amcor.
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