Greif Announces New CEO, Transition Plan

Industrial packaging products manufacturer Greif Inc GEF has announced that Pete Watson will retire as President and Chief Executive Officer effective February 1, 2022.
The Board of Directors has elected Ole Rosgaard to succeed Watson as President and Chief Executive Officer effective February 1, 2022.
Rosgaard joined Greif in 2015 and currently serves as Senior Vice President, Group President of Global Industrial Packaging.
Rosgaard has also served in a senior leadership role with BMI Group and a strategic business unit leader at VELFAC, one of the world's largest window manufacturing companies.
The Company 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.
Price action: GEF shares are trading up by 0.05% at $61.75 on the last check Tuesday.