Greif Announces CEO, Board Of Director Transition Plan
ed Caraustar Industries; and advanced our sustainability strategy. In summary, Pete has led with humility, authentic- ity and care for the well-being of our colleagues, our cus- tomers and our planet. “It has been my distinct honor to serve our global Greif team, and I am extremely proud of what we have accom- plished together,” said Watson. “Looking ahead, I am very excited about the company’s future. Ole’s passion for team building, strong emphasis on operational execution and customer service, as well as extensive manufacturing and industrial packaging experience, make him the ideal leader to take Greif forward. I am excited to work closely
Delaware, Ohio based Greif, Inc. announced that Pete Watson will retire as its President and CEO, effective Feb- ruary 1, 2022. This announcement concludes a thoughtful and comprehensive, multi-year succession planning pro- cess. The Board of Directors has elected Ole Rosgaard to succeed Watson as President and CEO effective February 1, 2022. Rosgaard will serve as COO of the company until that time. Greif also announced that Michael Gasser, who has served as Chairman of the Board of Directors since 1994, will not stand for re-election to the Board at the company’s 2022 annual meeting of stockholders. At that time, Pete Watson will become Executive Chairman of the Board of Directors and Bruce Edwards will become the lead direc- tor for the Board of Directors. “Pete exemplifies servant leadership and embodies the values of The Greif Way,” said Gasser. “He has driven a laser focus on customer service excellence, powered by a team-first approach, throughout the enterprise. Under his leadership, Greif successfully completed an in-depth transformation initiative enhancing the company’s per- formance; delivered organic growth through strategic in- vestments in the Global Industrial Packaging and Paper Packaging businesses; successfully acquired and integrat-
with him to ensure a seamless and successful transition. I also want to thank and pay tribute to Mike Gasser’s longstanding leadership at Greif. “I am excited and humbled by this opportunity, and I thank the Board for its confidence in me,” said Rosgaard. I have worked
closely with Pete Watson for the last six years and share his enthusiasm about our company’s bright future. I look forward to leading Greif’s incredibly talented and diverse global team toward our vision of becoming the best per- forming customer service company in the world as we continue to grow and create value for our customers and shareholders.” Ole Rosgaard
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