Ardagh Metal Packaging appoints Stefan Schellinger as Chief Financial Officer

Rhea-AI Summary

Ardagh Metal Packaging S.A. (AMBP) has appointed Stefan Schellinger as Chief Financial Officer, effective September 1, 2024. Schellinger brings over 25 years of financial and commercial experience, having previously served as CFO for ContourGlobal plc and Essentra plc. He succeeds David Bourne, who is leaving the company. CEO Oliver Graham praised Schellinger's experience in creating value through organic and inorganic growth.

Schellinger's background includes roles at Danaher and J.P. Morgan. He holds an MBA from the University of Chicago and a degree in Finance and Accounting from the University of St. Gallen, Switzerland. This leadership change aims to strengthen AMBP's financial management and potentially drive growth initiatives.

Positive

• Appointment of a highly experienced CFO with public company experience
• New CFO has a strong background in relevant industrial end markets
• Potential for value creation through organic and inorganic growth strategies

Negative

• Departure of current CFO may lead to temporary disruption in financial leadership

News Market Reaction

+0.60%

1 alert

+0.60% News Effect

On the day this news was published, AMBP gained 0.60%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LUXEMBOURG, Aug. 16, 2024 /PRNewswire/ -- Ardagh Metal Packaging S.A. (AMBP) is pleased to announce the appointment of Stefan Schellinger as Chief Financial Officer (CFO) effective September 1, 2024. Stefan brings more than 25 years of financial and commercial experience to the role as well as a strong background in relevant industrial end markets. Stefan was previously CFO and Executive Director of two listed companies, ContourGlobal plc and Essentra plc.  Stefan succeeds David Bourne who has decided to move on to new opportunities and will leave the business in September after a handover period.

Commenting on Stefan's appointment, Oliver Graham, Chief Executive Officer of AMP said:

"I am delighted that Stefan is joining AMP as our Chief Financial Officer. Stefan is a highly experienced public company CFO with a proven track record of creating value through organic and inorganic growth. I would like to thank David Bourne for his outstanding contribution to the Company and his strong support to myself and the AMP global team, and I wish him every success for the future."

Biography

Stefan served as Executive Vice President, Global Chief Financial Officer and a member of the Board of Directors of ContourGlobal plc from 2019 to 2023. Prior to ContourGlobal, Stefan was Group Finance Director and Executive Director of the diversified industrial company Essentra plc from 2015 until 2018, having joined the company as Corporate Development Director and Group Management Committee member in 2013. From 2005 to 2013 Stefan spent eight years with Danaher Corporation, as Corporate Development Director and as Finance Director–Emerging Markets in Danaher's Gilbarco Veeder Root business. Prior to this, Stefan worked as Vice President in investment banking at J.P. Morgan in London. He started his career in accountancy in Germany at Arthur Andersen.

Stefan is a dual British and German citizen. He received his MBA from the University of Chicago, Graduate School of Business and holds a degree in Finance and Accounting from the University of St. Gallen, Switzerland.

 

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SOURCE Ardagh Metal Packaging S.A.

FAQ

When will Stefan Schellinger start as CFO of Ardagh Metal Packaging (AMBP)?

Stefan Schellinger will start as CFO of Ardagh Metal Packaging (AMBP) on September 1, 2024.

What is Stefan Schellinger's previous experience before joining AMBP?

Stefan Schellinger previously served as CFO and Executive Director of ContourGlobal plc and Essentra plc, and has over 25 years of financial and commercial experience.

Who is Stefan Schellinger replacing as CFO at Ardagh Metal Packaging?

Stefan Schellinger is replacing David Bourne, who has decided to move on to new opportunities and will leave the business in September after a handover period.

What educational background does Stefan Schellinger have?

Stefan Schellinger holds an MBA from the University of Chicago, Graduate School of Business and a degree in Finance and Accounting from the University of St. Gallen, Switzerland.