Board of Directors Elects Jerry R. Whitaker Chairman of the Board

May 17, 2018 at 4:00 PM EDT
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CHARLOTTE, N.C.--(BUSINESS WIRE)--May 17, 2018-- Sealed Air Corporation (NYSE: SEE) announced today that Jerry R. Whitaker, a member of the Sealed Air Board of Directors, has been elected as non-executive Chairman of the Board. Effective May 17, Whitaker succeeds William J. Marino, who has retired from the Board after serving as Chairman since 2014.

“It is a privilege to assume the role of Chairman of the Board for Sealed Air, and I look forward to creating the most value for our shareholders as we progress in the Sealed Air story,” said Jerry Whitaker.

Whitaker was first elected to the Board in January 2012. Previously, Whitaker served as President of Power Components & Systems Group from 2004 through 2009 and as President of Electrical Sector-Americas, Eaton Corporation, a global manufacturer of highly engineered products, until his retirement in June 2011. Prior thereto, he served in various management positions at Eaton Corporation since 1994, following a 22-year career with Westinghouse Electric Corp.

“Jerry’s unique industry perspective and expertise, coupled with his knowledge of Sealed Air and history of leadership, will help guide our long-term business strategy,” said Ted Doheny, President and CEO of Sealed Air. “I am pleased to continue working with Jerry to deliver solutions that leave our world, environment and communities better than we found them. We thank Bill Marino for setting the stage for Jerry and for his dedication and guidance over the years. We wish him all the best.”

In addition to Jerry Whitaker, the following seven incumbent directors have been reelected: Michael Chu, Ted Doheny, Patrick Duff, Henry Keizer, Jacqueline Kosecoff, Neil Lustig and Richard Wambold.

About Sealed Air

Sealed Air Corporation is a knowledge-based company focused on packaging solutions that help our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions and Bubble Wrap® brand cushioning, enable a safer and less wasteful food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.5 billion in sales in 2017 and has approximately 15,000 employees who serve customers in 122 countries. To learn more, visit www.sealedair.com.

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Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” “estimates,” “expects,” “intends,” “potential,” “seek,” “predict,” “may,” “will” and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings. The following are important factors that we believe could cause actual results to differ materially from those in our forward looking statements: global economic and political conditions, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, consumer preferences, the effects of animal and food-related health issues, pandemics, changes in energy costs, environmental matters, the success of our restructuring activities, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, changes in our credit ratings, the tax benefit associated with the Settlement agreement (as defined in our 2017 Annual Report on Form 10-K), regulatory actions and legal matters, and the other information referenced in the “Risk Factors” section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Source: Sealed Air Corporation

Sealed Air Corporation
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