The latest update is out from Amcor ( (AMCR) ).
Amcor plc has elevated Fred Stephan to Chief Operating Officer to drive profitable growth across its global flexible packaging businesses. Stephan, with a strong background from Amcor Flexibles North America and other senior roles, including at GE Lighting Systems, will focus on enhancing collaboration and accelerating growth. His new compensation terms as COO include an annual base salary of $1,150,000, participation in incentive plans, and severance provisions if terminated without cause. David Clark has also been appointed as Chief Sustainability Officer, reinforcing Amcor’s commitment to sustainability and organic growth.
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