Sealed Air Names New Chief Financial Officer

June 7, 2018 at 4:30 PM EDT
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CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 7, 2018-- Sealed Air Corporation (NYSE: SEE) announced today that William G. Stiehl, Acting Chief Financial Officer, Chief Accounting Officer and Controller, has been appointed as Senior Vice President and Chief Financial Officer effective June 7, 2018.

“After conducting a formal search, we are confident that Bill’s financial expertise and leadership ability primely position him to successfully guide our financial performance,” said Ted Doheny, President and CEO of Sealed Air. “During his tenure at Sealed Air, Bill has been integral in establishing world-class financial programs by implementing new disciplines to create profitable growth and return value to shareholders. I have had the pleasure of working closely with Bill over the past several months and I look forward to taking our financial performance to the next level.”

Stiehl joined Sealed Air in 2013 as Chief Accounting Officer and Controller with over 20 years of experience at large manufacturing companies. Prior to Sealed Air, Stiehl held various financial and accounting leadership positions, including Vice President of Finance and Controller at United Technologies Corporation Aerostructures business unit and as Vice President of Internal Audit at Goodrich Corporation. Stiehl earned a Bachelor of Science in Business Administration from University of Cincinnati and is a Certified Public Accountant.

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.

Website Information

We routinely post important information for investors on our website, www.sealedair.com, in the “Investors” section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

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

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Lori Chaitman, 704-503-8841
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