SEALED AIR CORPORATION (NYSE:SEE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SEALED AIR CORPORATION (NYSE:SEE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Story continues below

Effective as of June7, 2018, the Board of Directors of Sealed Air Corporation (the “Company”) appointed William G. Stiehl as Senior Vice President and Chief Financial Officer of the Company and Michael Leon as Chief Accounting Officer and Controller of the Company. In connection with Mr.Stiehl’s appointment, the Organization and Compensation Committee of the Board of Directors of the Corporation has approved a grant of a one-time award of 1,731 shares of restricted stock to Mr.Stiehl, which will vest in one-third increments on the first, second and third anniversaries of the grant date.

Mr.Stiehl, 56, has served as the Company’s Acting Chief Financial Officer since October31, 2017, and has been the Company’s Chief Accounting Officer and Controller since January 2013. Prior to joining the Company, Mr.Stiehl was Vice President of Finance and Controller of the Aerostructures business unit of United Technologies Corporation from July 2012 through December 2012. Mr.Stiehl worked at Goodrich Corporation from 2006 through 2012. Mr.Stiehl also served as Senior Audit Manager with Deloitte and has worked in various accounting and finance positions for over twenty-five years with increasing levels of responsibilities.

Mr.Leon, 37, has served as the Company’s Assistant Corporate Controller since December 2014. Prior to joining the Company, Mr.Leon held various accounting and finance positions with increasing levels of responsibilities at a Big 4 public accounting firm and at several diversified global manufacturing companies, including SPX Corporation from November 2012 to December 2014, United Technologies Corporation from July 2012 to November 2012 and Goodrich Corporation from October 2006 to July 2012. He has extensive financial and accounting experience, including financial reporting, financial planning and analysis, mergers and acquisitions, and internal audit, among others.


About SEALED AIR CORPORATION (NYSE:SEE)

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions. The Food Care business serves primarily perishable food and beverage processors, predominately in fresh red meat, smoked and processed meats, beverages, poultry and dairy markets. Diversey Care segment integrates cleaning chemicals, floor care machines, cleaning tools and equipment, and a range of services, including application and employee training, auditing of hygiene and appearance, and water and energy management. The Product Care segment provides customers with a range of Product Care solutions to meet cushioning, void fill, surface protection, retail display, containment and dunnage needs.

An ad to help with our costs