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Peter Konieczny

Chief Executive Officer (CEO) at Amcor
Board
Since September 4, 2024
Age
59 years
Tenure
Joined Amcor or its predecessors on 09-17-2009 and progressed through roles including President of Amcor Specialty Cartons, President of Amcor Flexibles Europe, Middle East & Africa (and Latin America), Chief Commercial Officer, Interim CEO, and currently CEO as of 09-04-2024.

Also at Amcor

DC
Damien Clayton
Company Secretary
DC
David Clark
Chief Sustainability Officer
DR
Deborah Rasin
General Counsel

About

Peter Konieczny is 59 years old with a background that remains private as no details about his education or personal life have been disclosed.

He began his journey at Amcor or its predecessors on 09-17-2009, gradually rising through the ranks. Over the years, he has led several divisions, serving as President of Amcor Specialty Cartons, President of Amcor Flexibles Europe, Middle East & Africa (and Latin America), and Chief Commercial Officer, which set the stage for his leadership as Interim CEO and later as the current CEO.

Throughout his career at Amcor, he has been instrumental in steering the company towards sustainable growth and operational excellence. His progression through multiple pivotal roles highlights his deep industry expertise and commitment to innovation and strategic leadership, marking a distinguished tenure at the company.

$AMCR Performance Under Peter Konieczny

Past Roles

OrganizationRoleDate RangeDetails
AMCR Interim Chief Executive Officer April 2024 to September 2024
AMCR Chief Commercial Officer (CCO) September 2020 to April 2024 Oversaw global category and product management, Sustainability, R&D, and Procurement; maintained responsibility for the Amcor Flexibles Latin America business
AMCR President, Amcor Flexibles, Europe, Middle East & Africa and Latin America 2019 to 2020
AMCR President, Amcor Flexibles, Europe, Middle East & Africa 2015 to 2019
AMCR President, Amcor Specialty Cartons 2010 to 2015
Silgan White Cap President 5 years Specialized in packaging metal and plastic closures for the food and beverage industries
Heavy Industrial Equipment Industry Business Group Managing Director and Chief Finance Officer N/A
McKinsey & Company Management Consultant N/A

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base SalaryCHF 1,580,190 Annualized over the fiscal yearPaid in Swiss Francs; converted to USD using an average exchange rate of 1 CHF = 1.1271
Termination PaymentUSD 1,781,098 Single payment upon termination without causeRepresents 12 months of base salary based on the converted annualized rate (1 CHF = 1.1271)

Performance Compensation

Data from  FY 2024

Short-Term Incentive (STI) Plan

Metric ComponentThresholdTargetMaximumWeightActual OutcomeAdditional Details
STI Cash Component$0 $2,137,317 $3,205,976 N/A$961,646 (65% of target) Based on safety, financial, strategy and organizational goals; payout based on outperformance of selected financial metrics
STI Deferred Equity Component$0 $1,068,659 $1,602,988 N/A$480,823 corresponding to 48,766 RSUs RSUs awarded based on VWAP of $9.86 per share; deferred for two years

Long-Term Incentive (LTI) Plan

Performance MetricThresholdTargetMaximumWeightEvaluation PeriodAdditional Details
Adjusted EPS Growth5% annual growth (50% vesting) 10% annual growth (100% vesting) N/A50%July 1, 2023 – June 30, 2026 Vesting contingent on Amcor achieving an adjusted RoAFE of at least 12%
Relative TSR35th percentile (25% vesting) 50th percentile (50% vesting) 75th percentile (full vesting) 50%July 1, 2023 – June 30, 2026 Linear interpolation between threshold, target, and maximum; compared to a peer group

Grant Details for LTI Awards:

  • Grant Date: September 15, 2023
  • Grant Date Fair Value: $2,049,229 for performance rights and $660,765 for options
  • Grant Date Stock Price/Exercise Price: $9.35 per share
  • Awards: Performance Rights target of 160,850 shares (max 321,700 shares) and Options target of 227,850 options (max 455,700 options)

Senior Executive Retention Share Plan (SERSP)

  • Grant Date: April 15, 2024
  • Grant Date Fair Value: $1,519,800
  • Number of RSUs: 170,000
  • Vesting Date: February 27, 2026
  • Performance Conditions: This plan is a retention mechanism with no specific performance metrics; vesting is solely contingent upon continued employment through the vesting date

Note: The Equity Management Incentive Plan (EMIP) for 2024 does not include specific performance metrics or targets in the available documents.