Graphic Packaging Announces Retirement of CFO Blount, SVP Appointments

 

Graphic Packaging Holding Co., Atlanta, Ga., USA, reports that its CFO Daniel Blount has elected to retire on March 1, 2015, after 16 years of dedicated service with the company. The company also announced several other appointments. 

 

Stephen Scherger, previously SVP - Consumer Packaging Division, was named SVP - Finance, effective October 1, as part of the company's succession plan. Scherger will be appointed CFO effective January 1, 2015. Blount will remain as special advisor until March 1, 2015.

 

"Dan has been a valuable and strategic member of the leadership team. The company has significantly benefited from his leadership related to capital markets, cash management, acquisitions, and divestitures," said David Scheible, chairman, president, and CEO. "He has been a great partner through the years and his experience and expertise will be missed. We wish him all the best as he moves into retirement."    

 

Scherger has more than two decades of global packaging experience, including numerous general management, financial, and strategy roles. "Steve's business and financial leadership, including responsibility for the company's largest operating business unit since April 2012, have uniquely positioned him to be our CFO," added Scheible. "His combination of skills will strongly complement our growth agenda, and we welcome him in to this critical role."

 

In other action, the company appointed Michael Ukropina to SVP – Consumer Packaging Division. Ukropina joined Graphic Packaging earlier this year and has been actively engaged in the development of the long term strategy.

 

"Mike brings more than 20 years of packaging-related experience, strong customer focus, and a global understanding of our industry," said Mike Doss, COO. "His deep expertise and leadership have been an excellent addition to our team, and we are excited about his appointment into this key senior leadership role." 

 

Graphic Packaging is a provider of packaging solutions for a variety of products to food, beverage, and other consumer products companies. The company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft, coated-recycled boxboard, and specialty packaging.