The latest announcement is out from Sealed Air (SEE).
Sealed Air Corporation has appointed Patrick Kivits as the new CEO starting July 1, 2024, with a robust compensation package, including a $1.1 million base salary and potential bonuses and long-term incentive awards totaling $6 million annually. Additionally, Kivits will receive a $3.5 million sign-on bonus and $5.6 million in restricted stock units. Concurrently, Dustin Semach will transition from Interim Co-President and Co-CEO to President and CFO, receiving a salary boost and retention bonuses, while Emile Chammas will assume the role of Senior VP and COO, complete with retention incentives. These strategic executive shifts aim to bolster the company’s leadership and drive future growth.
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