Sealed Air announces CEO retirement in 2013 and succession plan

Former CEO of Dow Advanced Materials to take the helm in March, 2013.

By ·

Sealed Air Corporation announced that chief executive officer William V. Hickey has advised its Board of his intention to retire in March 2013. In connection with the transition, the board of directors has elected him chair of the board effective September 1, 2012. Mr. Hickey will continue to serve as chief executive officer of the company but will no longer hold the title of president.

The Board simultaneously elected Jerome A. Peribere president and chief operating officer of Sealed Air and appointed him as a director of the company effective September 1, 2012. As president and chief operating officer, Mr. Peribere will report to Mr. Hickey and be responsible for the company’s operating businesses, supply chain network and new technology development.

William J. Marino, lead director of Sealed Air, stated, “This is the next step in a succession planning process which has been underway for some time.” In March 2013, upon Mr. Hickey’s retirement, Mr. Peribere will assume the chief executive officer position, and Mr. Hickey will step down as chair of the board but will continue to serve as a director of the company.

Jerome Peribere, age 58, is a 35-year veteran of The Dow Chemical Company and has worked throughout the world in a variety of leadership roles. He was most recently president and chief executive officer of Dow Advanced Materials, a $12 billion revenue unit of Dow serving customers in more than 130 countries.  In this role, Mr. Peribere led the integration of the Rohm and Haas acquisition and delivered significant growth and cost synergies. Previously, Mr. Peribere spent most of his career in Dow AgroSciences.

Mr. Marino said, “We are extremely pleased that Jerome Peribere is joining Sealed Air. His extraordinary record of leadership at Dow, his extensive global experience and his success in acquisition integration will insure continued positive momentum for Sealed Air. In addition to driving results, he has the same passion for customers and their needs that has contributed to Sealed Air’s success over the years.”


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Business · Packaging · Sealed Air · · All Topics
Latest Whitepaper
Evaluating Goods-to-Person Technologies
This white paper overviews the various, self-contained, goods-to-person AS/RS systems available for handling the totes, cases and eaches most frequently faced by e-commerce order fulfillment operations, and the typical applications for each.
Download Today!
From the May 2017 MMH Issue
Every company considers itself an innovator. It’s time to include materials handling leaders in that category.
Top 20 Worldwide Materials Handling Systems Suppliers 2017
ERP Suppliers’ Changing Role
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2016 Warehouse/DC Operations Webcast: Confronting omni-channel complexity
During this webcast we’ll examine the current activities, trends, and best practices in warehouse and DC operations management and how companies plan to address complex issues associate with omni-channel fulfillment.
Register Today!
EDITORS' PICKS
Materials Handling Innovation (and why it matters)
Every company considers itself an innovator. It’s time to include materials handling leaders in...
Thrive Market’s Startup Distribution Network
How does a fastgrowing, e-commerce startup company build out order fulfillment capabilities? Thrive...

U.S. Roadmap for Material Handling & Logistics: Version 2.0 released today
On Tuesday, the U.S. Roadmap for Material Handling & Logistics: Version 2.0 will be released on...
2017 Productivity Achievement Awards
Modern’s annual Productivity Achievement Awards honor companies that have made exceptional...