McGann to retire; Smurfit to take over as CEO, SKG
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Smurfit Kappa announces that Mr Gary McGann, Group Chief Executive Officer will retire on 31 August, 2015.
The Board has appointed Mr Tony Smurfit, President & Chief Operating Officer, as Group CEO Designate to succeed Mr McGann on 1 September, 2015.
Liam O'Mahony, SKG Chairman, commented: "Gary has led the transformation of Smurfit Kappa since his appointment as Group CEO in 2002. Under his stewardship, the Group has more than doubled in size, consolidated its position as European market leader; increased the Group's presence in Latin America; and, re-entered the US market. He also led the Group's return to public markets in 2007 in what was the largest ever capital raising in the sector globally. Gary has been recognised within the industry and by capital markets as the outstanding CEO of our sector. The Board is grateful for his substantial contribution in leading the Group's growth and development over the last 13 years.
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Source: http://ppimagazine.com/
