Sealed Air announces CEO retirement in 2013 and succession plan

Former CEO of Dow Advanced Materials to take the helm in March, 2013.
By Modern Materials Handling Staff
September 06, 2012 - MMH Editorial

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!

Recent Entries

20-year employee also serves on the executive board of the Industrial Truck Association.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month. The April PMI is 0.5 percent above the 12-month average of 56.2.

Inventory donations protect brands, avoid waste and support schools, churches, government agencies and other nonprofit organizations.

Robotics is the fastest growing industrial sector for PCs, followed by materials-handling equipment.

Acquisition to expand pharmaceutical packaging capabilities and integrated solution offering.

Article Topics

News · Packaging · Sealed Air · Business · All topics

About the Author

Josh Bond, Senior Editor
Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA