Sealed Air up after CEO steps down

Sealed Air

23/10/2023 23:07

** Shares of Sealed Air  SEE.N  up 1.2% at $28.91 in
extended trading
    ** U.S. packaging firm says CEO Ted Doheny has stepped down
after about six years in the role    
    ** Chief Operating Officer Emile Chammas and Chief Financial
Officer Dustin Semach will act as interim co-CEOs and
co-presidents, says co
    ** Doheny will continue to serve the company in an advisory
capacity to assist in the transition
        ** Co reiterates its full-year net sales forecast of
$5.40 billion to $5.60 billion, and annual adjusted earnings
forecast of between $2.75 and $2.95 per share 
  
    ** Up to last close, stock was down ~43% this year

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