See Board Extends CEO Ted Doheny’s Contract Through 2027

See Board Extends CEO Ted Doheny’s Contract Through 2027

Sealed Air Corporation (United States) - Transforming the Packaging Industry through SEE Automation, Digital, and Sustainability.

SEE (NYSE: SEE) today announced its Board of Directors has extended the contract of SEE President and CEO Ted Doheny through December 31, 2027.

“SEE is on a journey to become a world-class, digitally driven company automating sustainable packaging solutions. Over the past five years, Ted has architected our purpose-driven transformation and energized our growth during one of the most challenging times in the company’s history. We are confident that Ted is the right leader to continue to successfully advance our long-term strategy and accomplish our vision,” said Henry Keizer, SEE’s Chairman of the Board.

“SEE has a bright future ahead of it. I’m grateful to serve as CEO for another five years and for the opportunity to continue to lead our talented people to reach our vision,” said Ted Doheny. “Since 2017, we have transformed the business significantly, and there is still more to accomplish. We are cultivating a diverse and caring growth culture for our people and creating exceptional experiences for our customers by accelerating our growth in digital, automation and sustainability. We work each day to deliver world-class performance, create long-term value for our shareholders and make our world better than we found it.”

Since assuming the role of CEO in 2018, SEE has increased revenue by 6% CAGR to $5.8 billion, Adjusted EBITDA by 9% CAGR to $1.2 billion and Adjusted EPS by 20% CAGR to $4.10 per share.1

(1) Revenue, Adjusted EBITDA and Adjusted EPS expansion calculated based on Q2-22 last 12 months actual over full year 2017 actual.


About SEE:

Sealed Air (NYSE: SEE) is in business to protect, solve critical packaging challenges, and make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.

Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, SEE Automation™ solutions and prismiq™ smart packaging and digital printing.

SEE’s Operating Model, together with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.

We are leading the packaging industry in creating a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.

SEE generated $5.5 billion in sales in 2021 and has approximately 16,500 employees who serve customers in 114 countries/territories.

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