Graphic Packaging Appoints New Board Member Andrew ("Andy") Callahan

Rhea-AI Summary

Graphic Packaging Holding Company (NYSE: GPK) has appointed Andy Callahan to its Board of Directors. Callahan, a seasoned consumer packaged goods industry executive, brings 29 years of experience to GPK as the company pursues its Vision 2030 goals. His background includes leadership roles at Harry's Inc., Hostess Brands, Tyson Foods, Hillshire Brands, Sara Lee , and Kraft Foods. Callahan's expertise in driving growth for major consumer brands is expected to be valuable as GPK advances its growth trajectory and leverages its position as a global consumer packaging leader.

The appointment aligns with GPK's focus on sustainable packaging solutions and innovation for leading brands and retailers. Both the Chairman of the Board, Philip Martens, and President and CEO, Michael P. Doss, expressed enthusiasm about Callahan's addition to the board, highlighting his potential contributions to the company's strategic direction and growth initiatives.

Positive

• Appointment of Andy Callahan, an experienced consumer packaged goods industry executive, to the Board of Directors
• Callahan's 29 years of experience in leadership roles at major consumer brands
• Alignment with GPK's Vision 2030 goals and growth trajectory
• Potential for enhanced innovation and sustainable packaging solutions

Negative

• None.

News Market Reaction

-0.22%

1 alert

-0.22% News Effect

On the day this news was published, GPK declined 0.22%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ATLANTA, July 22, 2024 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) today announced that consumer packaged goods industry executive Andy Callahan has joined its Board of Directors, as the company ushers in ambitious Vision 2030 goals announced in February. Mr. Callahan is currently a Director at Harry's Inc., a leading retail consumer products company, and over the past 29 years held executive leadership positions across the consumer packaged goods industry.

Mr. Callahan served as President, CEO, and Executive Director at Hostess Brands from 2018 to 2023, and in two President-level roles from 2014 to 2017 at Tyson Foods, where he led its multibillion-dollar retail foodservice and international divisions and oversaw a major brand integration. Mr. Callahan also served as President (Retail) at Hillshire Brands and in three senior leadership positions at Sara Lee Corporation, which he joined in 2009 following a 14-year career at Kraft Foods. Before joining Kraft Foods, he was a Naval Flight Officer in the United States Navy.

Graphic Packaging Chairman of the Board, Philip Martens, said of the appointment: "Andy's depth of experience in driving growth for major consumer brands will be an invaluable asset to Graphic Packaging as we advance on our own growth trajectory. We are delighted to welcome him to the board and look forward to working alongside him as we leverage our position as a global consumer packaging leader."

Michael P. Doss, President and CEO of Graphic Packaging, said: "Graphic Packaging has developed a portfolio of sustainable packaging solutions and capabilities unmatched in breadth and depth. Andy brings exceptional perspective and expertise. I look forward to working closely with him as we put the industry's best innovation team to work for the world's leading brands and retailers – delivering the more circular, more functional, and more convenient packaging solutions consumers prefer."

About Graphic Packaging Holding Company

Graphic Packaging Holding Company (NYSE: GPK), headquartered in Atlanta, Georgia, designs and produces consumer packaging, made primarily from renewable or recycled materials. An industry leader in innovation, the Company is committed to reducing the environmental footprint of consumer packaging. Graphic Packaging operates a global network of design and manufacturing facilities serving the world's most widely recognized brands in food, beverage, foodservice, household, and other consumer products. Learn more at www.graphicpkg.com.

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SOURCE Graphic Packaging Holding Company

FAQ

Who is the new board member appointed by Graphic Packaging (GPK)?

Andrew ("Andy") Callahan, a consumer packaged goods industry executive with 29 years of experience, has been appointed to Graphic Packaging's Board of Directors.

What is Andy Callahan's background before joining Graphic Packaging's (GPK) board?

Andy Callahan has held executive positions at Harry's Inc., Hostess Brands, Tyson Foods, Hillshire Brands, Sara Lee , and Kraft Foods. He also served as a Naval Flight Officer in the United States Navy.

How does Andy Callahan's appointment align with Graphic Packaging's (GPK) goals?

Callahan's appointment aligns with Graphic Packaging's Vision 2030 goals and growth trajectory. His experience in driving growth for major consumer brands is expected to contribute to GPK's position as a global consumer packaging leader.

What does Graphic Packaging (GPK) hope to gain from Andy Callahan's board membership?

Graphic Packaging expects to benefit from Callahan's expertise in driving growth for major consumer brands, his perspective on consumer packaging, and his contribution to advancing the company's sustainable packaging solutions and innovation initiatives.