The Irish Times Business Person of the Month: Tony Smurfit, Smurfit Westrock

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 58 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 98%

Businessperson-Awards Nouvelles

Smurfit-Kappa,Smurfit-Westrock,Tony-Smurfit

On July 5th, Smurfit Kappa, led by Tony Smurfit, merged with North American group WestRock to form the world’s largest packaging group

On July 5th, Smurfit Kappa, led by Tony Smurfit, merged with North American rival WestRock to form the world’s largest packaging groupOn July 5th, Dublin-based Smurfit Kappa, led by Mr Smurfit, formally merged with US peer WestRock to become the largest packaging group in the world.

Under the terms of the $24 billion deal, Mr Smurfit was chosen to lead the merged entity with Smurfit’s chief financial officer Ken Bowles becoming executive vice-president and group CFO within the group. Smurfit chairman Irial Finan became chair of the enlarged entity. At the time of the transaction, Smurfit Kappa shareholders owned 50.4 per cent of the enlarged group, which is now known as Smurfit WestRock.Samsung Galaxy Buds 3 Pro Review: some of the best features reserved for use with a Galaxy phone

Based in Dublin, Smurfit WestRock listed its shares on the New York Stock Exchange on July 8th and is included in the S&P 500. On July 30th, at the publication of Smurfit Kappa’s final set of quarterly results, Mr Smurfit said of the merger: “While we don’t underestimate the amount of hard work ahead of us, there is tremendous energy and enthusiasm to ensure a successful future for Smurfit WestRock. I believe that with the quality of our people and the strength of our market positions ... Smurfit WestRock will be the ‘go-to’ sustainable packaging company with the right product, in the right space at the right time.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Smurfit Kappa earnings fall ahead of €23bn WestRock mergerGroup cites higher recovered fibre costs and lower corrugated box prices but says demand is recovering
La source: IrishTimes - 🏆 3. / 98 Lire la suite »

Smurfit hints that more savings can be unpacked from mergerIrish packaging group Smurfit merged last month with US rival WestRock and moved its main listing to New York
La source: IrishTimes - 🏆 3. / 98 Lire la suite »

Smurfit profit slides ahead of merger and green fuel confusionThe best news, analysis and comment from The Irish Times business desk
La source: IrishTimes - 🏆 3. / 98 Lire la suite »