Ole Rosgaard has been elected by Greif Inc.‘s board of directors to succeed retiring president and CEO Pete Watson effective February 1, 2022. Rosgaard will serve as chief operating officer of the company until that time. Watson has been president and CEO for the past six years.
Greif also said Michael Gasser, who has served as chairman of the board since 1994 will not stand for re-election to the board at the company’s 2022 annual meeting of stockholders. At the meeting, Watson will become executive chairman of the board of directors and Bruce Edwards will become the lead director for the board of directors.
“I am excited and humbled by this opportunity, and I thank the board for its confidence in me,” Rosgaard said. “I have worked closely with Pete 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 performing customer service company in the world as we continue to grow and create value for our customers and shareholders.”
Rosgaard joined Greif in 2015 and currently serves as senior vice president, group president of global industrial packaging. Rosgaard also led Greif’s global sustainability initiatives through 2020.
Under Waton’s leadership, Greif successfully completed an in-depth transformation initiative enhancing the ompany’s performance, delivered organic growth through strategic investments in the global industrial packaging and paper packaging businesses, successfully acquired and integrated Caraustar Industries and advanced Greif’s sustainability strategy, Gasser said.
“Pete has led with humility, authenticity and care for the well-being of our colleagues, our customers and our planet,” Gasser said.
Watson has been with Greif for 22 years.
“It has been my distinct honor to serve our global Greif team, and I am extremely proud of what we have accomplished together,” Watson said. ” Looking ahead, I am very excited about Greif’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 with Ole to ensure a seamless and successful transition.”
Greif produces steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. In addition, Greif manages timber properties in the southeastern U.S.
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