Greif Appoints Lloyd VP, Corporate Financial Controller

Packaging giant Greif, Delaware, Ohio, USA, reports that David Lloyd has joined the company as VP, corporate financial controller. This is a newly established role within the company necessitated by continued growth internationally, expanded product offerings, and increasingly diverse business interests. The company also announced that Chris Luffler has been promoted to the newly created position of VP, business managerial controller.

As corporate financial controller, Lloyd will be the principal accounting officer for Greif and will report directly to Gary Martz, acting chief administrative officer. Lloyd will oversee compliance with SEC, SOX, FASB, and other regulations, ensure adherence to GAAP, manage relationships with external auditors, oversee the budget process, and coordinate closing processes.

With more than 20 years’ experience, Lloyd joins Greif from PricewaterhouseCoopers, where he served as partner for almost 10 years, spending the last five as lead audit partner for a large multinational chemical company.

"Greif continues to grow and our business interests have become increasingly diverse. It is a positive reflection on our company that a candidate of David Lloyd’s caliber is taking on the new role of corporate financial controller," said David Fischer, CEO of Greif. "With two decades of experience most recently in a world-class organization, David brings deep technical experience in public accounting and auditing with multinational corporations. I have every confidence that he will make a significant contribution to the company and we welcome him into his new role."

In the new role of business managerial controller, Luffler will function as the lead contact between corporate finance and the business operations and will also report directly to Martz, acting chief administrative officer.

Luffler will be responsible for establishing effective practices and processes between the corporate financial controller’s department and the businesses and will ensure compliance by Greif’s business operations around the globe with GAAP, internal controls and local and statutory accounting requirements. The SBU controllers will work with Luffler in a dual reporting role. Luffler will also oversee capital projects and shared services Americas.

The roles of corporate financial controller and business managerial controller reflect a new structure at Greif that will better serve the company’s multinational and varied business operations, particularly as the company continues to grow, diversify, and expand globally. These roles follow a structure deployed by other multinational corporations that have split the function of a corporate controller.

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