James T. Glerum, Jr.
About James T. Glerum, Jr.
James T. Glerum, Jr. (age 65) is an independent director of Amcor plc and a member of the Nominating and Corporate Governance Committee. He joined the Amcor board in 2025 in connection with Amcor’s April 30, 2025 merger with Berry Global; his “director since” designation includes service on Berry’s board in 2024–April 2025. He previously served as Vice Chairman, Investment Banking at Citigroup (2011–July 2024) and held senior investment banking roles at UBS and Credit Suisse. He holds an MBA from Harvard Business School and a BA cum laude in Economics and Mathematics from Denison University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Citigroup | Vice Chairman, Investment Banking | 2011 – Jul 2024 | Executed 325+ transactions totaling $500B across sectors |
| UBS | Senior leadership roles, Investment Banking | Prior to 2011 (dates not disclosed) | Senior leadership; Chicago and NYC offices (deal execution/coverage) |
| Credit Suisse | Senior leadership roles, Investment Banking | Prior to 2011 (dates not disclosed) | Senior leadership; Chicago and NYC offices (deal execution/coverage) |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Denison University | Trustee/Director (non-profit) | Not disclosed | Current directorship listed in proxy profile |
| The Ravinia Festival | Director (non-profit) | Not disclosed | Current directorship listed in proxy profile |
| The Griffin Museum of Science | Director (non-profit) | Not disclosed | Current directorship listed in proxy profile |
| Berry Global Group, Inc. | Director (public) | 2024 – Apr 2025 | Served until merger closing in Apr 2025 |
Board Governance
- Independence: The Board determined all nominees other than the CEO are independent; each member of the Nominating and Corporate Governance Committee (including Glerum) is independent under NYSE standards .
- Committee assignments: Nominating & Corporate Governance Committee member; the committee met 5 times in FY2025; Chair is Lucrèce Foufopoulos-De Ridder; members are Foufopoulos-De Ridder, Glerum, and Tom Long .
- Board attendance: The Board met 14 times in FY2025; each director attended at least 75% of aggregate Board and applicable committee meetings; all directors attended the annual shareholder meeting .
- Board leadership: Independent Chairman (Graeme Liebelt) and Deputy Chairman (Stephen Sterrett); regular executive sessions of independent directors occur with each regular Board meeting .
- Director commitments: The Board requires notice and review before directors add public company boards; the company reports no overboarding under its policy .
Fixed Compensation
Director pay structure (effective December 1, 2024; USD):
| Component | Amount |
|---|---|
| Chair of the Board retainer (50% cash / 50% RSUs) | $541,500 |
| Non-Chair director retainer (cash + RSUs) | $285,500 ($135,500 cash; $150,000 RSUs) |
| Deputy Chair fee (cash) | $40,000 |
| Audit Chair / Member (cash) | $32,500 / $16,500 |
| Compensation Chair / Member (cash) | $25,000 / $11,000 |
| Nominating & Corporate Governance Chair / Member (cash) | $20,000 / $8,000 |
| Director minimum shareholding requirement | 5x cash retainer within 5 years |
| Note (forward-looking): From Dec 1, 2025, non-Chair RSU component increases to $170,000 (from $150,000) . |
FY2025 actuals for James T. Glerum, Jr. (pro-rated from Apr 30, 2025):
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Employer Contributions to pension plans ($) | Total ($) |
|---|---|---|---|---|
| James T. Glerum, Jr. | 24,647 | 88,362 | 0 | 113,010 |
Notes: Director compensation is delivered as a fixed retainer plus committee fees; Chair does not receive additional committee fees. Cash portion may be reduced by statutory pension contributions where applicable. Glerum’s FY2025 compensation is based on his start date of April 30, 2025 .
Performance Compensation
Non-employee directors at Amcor do not receive performance-based incentives; equity for directors is in the form of restricted share units with fixed grant values, not tied to EPS/TSR performance conditions (those apply to executives).
| Performance-linked element | Details |
|---|---|
| Annual STI (performance cash/equity) | Not applicable to directors |
| LTI (options/PSUs with EPS/TSR metrics) | Not applicable to directors |
| Director equity | Fixed-value RSUs as part of retainer |
Other Directorships & Interlocks
| Company/Entity | Relationship to Amcor | Potential Interlock/Conflict Consideration |
|---|---|---|
| Berry Global Group, Inc. (public; now wholly owned by Amcor) | Former director (2024–Apr 2025) | He was one of four Berry designees appointed to Amcor’s Board at merger closing; typical integration alignment, not an external interlock post-merger . |
| Denison University; The Ravinia Festival; The Griffin Museum of Science | Non-profit boards | No supplier/customer conflicts disclosed |
| Related-party transactions | Company-wide disclosure | No Item 404 related-party transactions in FY2025 . |
Expertise & Qualifications
- 40-year investment banking career with 325+ corporate finance and strategic transactions totaling $500B; sector coverage included manufacturing, healthcare, consumer, and retail .
- Educational credentials: MBA (Harvard Business School); BA cum laude in Economics and Mathematics (Denison University) .
- Board fit: Finance, M&A and capital markets depth align with Amcor’s strategic and integration agenda post-merger .
Equity Ownership
Beneficial ownership as of September 8, 2025:
| Name | Shares Beneficially Owned (#) | % Outstanding | Basis/Notes |
|---|---|---|---|
| James T. Glerum, Jr. | 2,254 | * | “*” indicates less than 1%; company had 2,308,359,941 shares outstanding as of Sep 8, 2025. Footnotes include securities acquirable within 60 days for certain officers; directors’ counts reflect beneficial ownership per SEC rules . |
Policies:
- Minimum shareholding policy for directors: 5x cash retainer within five years .
- Hedging/pledging: Equity award agreements prohibit hedging/pledging; Board policy and insider trading policy prohibit short-selling and derivative transactions by directors, with forfeiture risk for breaches .
Governance Assessment
Strengths and positives
- Independent director with deep M&A/financing expertise; sits on the Nominating & Corporate Governance Committee that oversees board composition, evaluations, and governance practices .
- Board-wide governance practices include independent chair, regular executive sessions, stock ownership requirements, and no poison pill; all directors (except CEO) deemed independent .
- Attendance: The Board met 14 times and each director met the ≥75% attendance threshold; all directors attended the annual meeting .
- Alignment and safeguards: Director ownership guideline (5x cash retainer over 5 years) and prohibitions on hedging/pledging enhance alignment; no related-party transactions disclosed in FY2025 .
Watch items / potential risks
- Short Amcor tenure (appointed at merger close Apr 30, 2025) implies a ramp period for ownership guideline attainment and for contributing to committee processes; guideline allows five years to comply .
- Former Berry directorship could raise perception questions during early integration; however, Berry is now a wholly owned subsidiary and he is classified as independent with no related-party transactions reported .
RED FLAGS: None disclosed regarding related-party transactions, hedging/pledging, attendance shortfalls, or overboarding. Company policy indicates no overboarding under its limits .