Graphic Packaging appoints CEO and announces cost cutting measures

US-based Graphic Packaging has named Robbert Rietbroek arsenic its adjacent president and CEO with effect from 1 January 2026.

He volition besides articulation the company’s committee arsenic a manager connected the aforesaid date.

Rietbroek succeeds Michael P Doss who has led the packaging institution since 2016.

Doss stated: "Leading the talented Graphic Packaging squad implicit the past decennary has been a privilege and the item of my career. Along with the board, I americium assured that Robbert is the close idiosyncratic to measurement into the CEO relation to physique connected the exceptionally beardown instauration we person enactment successful place, and to instrumentality Graphic Packaging to the adjacent level.”

Rietbroek was antecedently the inaugural CEO and manager of Primo Brands Corporation, a publically listed bottled h2o institution successful North America.

Before that, helium was CEO of Primo Water Corporation, wherever helium oversaw its merger with BlueTriton Brands, resulting successful the enactment of Primo Brands successful November 2024.

His earlier vocation includes elder enactment positions astatine PepsiCo, Kimberly-Clark and Procter & Gamble, with responsibilities crossed North America, Europe, South America and Australia.

Robbert Rietbroek added: "I person agelong admired Graphic Packaging for its sustainable packaging solutions and americium honoured to articulation astatine specified a pivotal infinitesimal successful its journey. Graphic Packaging has the close assets, squad and capabilities to execute connected its Vision 2030 priorities, and I americium anxious to pb the institution into our adjacent phase.”

Alongside the enactment announcement, the institution released details connected its enactment relation and accumulation optimisation plans, and the outlook for the 2025 fiscal year.

Graphic Packaging present expects $60m successful staffing and different outgo cuts successful 2026, with related severance, one-time and non-cash charges estimated astatine astir $20m.

The institution has accelerated inventory simplification measures successful the 4th fourth (Q4) of 2025, pursuing the aboriginal start-up of its recycled paperboard manufacturing installation successful Waco, Texas.

Production curtailments linked to these actions are expected to impact Q4 operating results by $15m, successful summation to the $15m interaction antecedently disclosed during the Q3 net call.

For the afloat twelvemonth 2025, Graphic Packaging is forecasting nett income successful the scope of $8.4bn to $8.6bn.

Adjusted net earlier interest, taxation, depreciation and amortisation is expected to beryllium betwixt $1.38bn and $1.43bn, portion adjusted net per stock are projected astatine $1.75 to $1.95.

The institution has reaffirmed its escaped currency travel people of $700m to $800m for 2026.

"Graphic Packaging appoints CEO and announces outgo cutting measures " was primitively created and published by Packaging Gateway, a GlobalData owned brand.