Packaging firm Sealed Air's CEO Doheny steps down

Sealed Air

23/10/2023 22:36

Oct 23 (Reuters) - U.S. packaging firm Sealed Air
 SEE.N  said on Monday Chief Executive Officer Ted Doheny had
stepped down after about six years in the role.
    Chief Operating Officer Emile Chammas and Finance Chief
Dustin Semach will act as interim co-CEOs and co-presidents,
said Sealed Air.
    Doheny will continue to serve the company in an advisory
capacity to assist in the transition.
    Shares of the company rose 1.2% to $28.91 in extended
trading.
    Sealed Air, which makes food packaging boxes and automated
bagging equipment, reiterated its full-year net sales forecast
of $5.40 billion to $5.60 billion.
    The Charlotte, North Carolina-based company also reiterated
its annual adjusted earnings per share forecast of between $2.75
and $2.95, and core earnings in the range of about $1.075
billion to $1.125 billion.
    The company is expected to post its third-quarter results on
Nov. 2.
    
    
    

 (Reporting by Jaspreet Singh in Bengaluru; Editing by Devika
Syamnath)
 ((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;))