Sealed Air Executive Reshuffle and Enhanced CEO Severance Plan

Sealed Air (SEE) has provided an announcement.

Sealed Air Corporation’s President, Americas, Tobias Grasso Jr., will resign from his executive role on June 4, 2024, but will continue as an advisor until July 1, 2024, with his severance unchanged under the company’s existing plan. Additionally, the company has revised its Executive Severance Plan, enhancing the CEO’s severance package to include a higher cash severance and immediate lump-sum payments under certain conditions, alongside full equity award vesting, while maintaining the same severance terms for other executives.

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