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    Michael P. Doss

    President and Chief Executive Officer at Graphic Packaging Holding Co
    Board
    Since January 1, 2016
    Age
    58 years
    Education
    Holds a Master of Business Administration degree in Finance from Western Michigan University.
    Tenure
    Joined GPK in 1990 and advanced through several leadership roles—including Vice President, Senior Vice President, and Chief Operating Officer—before being promoted to President and Chief Executive Officer on January 1, 2016.

    Also at Graphic Packaging Holding Co

    JPY
    Joseph P. Yost
    Executive Vice President and President, Americas
    SRS
    Stephen R. Scherger
    Executive Vice President and Chief Financial Officer

    About

    Michael P. Doss is the President and Chief Executive Officer of Graphic Packaging Holding Company. He began his tenure at the company in 1990 and has since held a series of progressively responsible roles that contributed to his appointment as CEO.

    Throughout his career at GPK, he has overseen various divisions and operational functions, progressing from positions such as Vice President of Operations to Senior Vice President and Chief Operating Officer. His journey underscores a commitment to operational excellence and strategic leadership.

    In addition to his executive responsibilities, he serves on multiple boards, contributing to industry-wide initiatives and community organizations. His background in financial management, bolstered by an MBA in Finance, complements his extensive operational experience and highlights his balanced approach to leadership.

    $GPK Performance Under Michael P. Doss

    Past Roles

    OrganizationRoleDate RangeDetails
    Graphic Packaging Holding Company (GPK) President and Chief Operating Officer May 20, 2015 - December 31, 2015 Held prior to his current CEO role
    Graphic Packaging Holding Company (GPK) Chief Operating Officer January 1, 2014 - May 19, 2015 N/A
    Graphic Packaging Holding Company (GPK) Executive Vice President, Commercial Operations Prior to January 1, 2014 N/A
    Graphic Packaging Holding Company (GPK) Senior Vice President, Consumer Packaging Division Prior to March 2008 N/A
    Graphic Packaging Corporation Senior Vice President, Consumer Products Packaging September 2006 - March 2008 N/A
    Graphic Packaging Holding Company (GPK) Vice President of Operations, Universal Packaging Division July 2000 - September 2006 N/A
    Graphic Packaging Holding Company (GPK) Director of Web Systems, Universal Packaging Division Prior to promotion to VP of Operations N/A
    Graphic Packaging Holding Company (GPK) Plant Manager Dates not provided Held at Gordonsville, TN, and Wausau, WI plants

    External Roles

    OrganizationRoleDate RangeDetails
    American Forest & Paper Association Board Member Current N/A
    Sustainable Forest Initiative Board Member Current N/A
    Paper Recycling Coalition Board Member Current N/A
    Atlanta Area Council of the Boy Scouts of America Board Member Current N/A
    Metro Atlanta Chamber of Commerce Board Member Current N/A
    Woodruff Arts Center Board Member Current N/A
    American Bird Conservancy Board Member Current N/A
    Regal Rexnord Corporation (RRX) Board Member Current N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,316,300 Annually in 2024Fixed annual base salary.
    Service RSUs96,055 RSUs; $2,280,346 grant value Vests in three equal tranches on the 1st, 2nd, and 3rd anniversaries of Feb 15, 2024, or earlier under termination conditionsGrant Date: Feb 15, 2024; vesting accelerated upon change in control or termination events.
    Stock Awards Vested530,500 shares; $14,005,200 realized Vested during 2024Shares become fully vested in 2024.
    Nonqualified Deferred CompensationExecutive Contributions: $499,964; Registrant Contributions: $434,714; Aggregate Earnings: $1,528,202; Ending Balance: $9,689,073 Throughout 2024Combines executive and registrant contributions with aggregate earnings.
    Termination Pay (Hypothetical Scenarios)Death/Disability: $1,777,005 Cash + $18,056,643 Equity = $19,833,648; Without Cause/Good Reason: $4,870,310 Cash + $16,854,426 Equity = $21,724,736; Without Cause/Good Reason following Change in Control: $7,963,615 Cash + $25,312,550 Equity = $33,276,165 Payable upon a triggering termination eventProvides breakdown for different termination scenarios.
    Other Compensation$471,590 In 2024Includes Company 401(k) matching ($29,325), NQDCP matching ($434,714), Executive Disability Insurance ($4,591), and Executive Physical ($2,960).

    Performance Compensation

    Data from  FY 2024

    Short-Term Cash Incentive (MIP)

    MetricThreshold (0%)Target (100%)Maximum (200%)Actual PerformancePayout %
    Adjusted EBITDA (50% weight)$1,643 million $1,825 million $2,008 million $1,693 million 52%
    Cash Flow Before Debt Reduction (50% weight)$707 million $832 million $956 million $672 million 0%
    • Overall Total Payout: 26% of target (calculated as 0.5 * 52% + 0.5 * 0%)
    • Payout Details: Cash-based incentive paid in early 2025, with the annual incentive target set at 135% of the 2024 base salary of $1,316,300 (i.e., target payout of $1,777,005 and maximum payout of $3,554,010 ).

    Performance RSUs

    ComponentDetails
    Performance MetricsAdjusted EBITDA (40% weight), Return on Invested Capital (40% weight), Organic Revenue Growth (20% weight); plus a TSR modifier that can adjust payouts by up to 20% (capped at 200% of target)
    Thresholds, Targets, MaximumThreshold: below 90% of EBITDA/ROIC or below 1% Organic Revenue Growth results in no payout; Target: 100% payout at target performance; Maximum: 200% payout
    Grant DetailsGrant Date: Feb 15, 2024 ; Grant Date Fair Value: $4,877,698 ; RSU Numbers: 0 at threshold, 192,111 RSUs at target, and 384,222 RSUs at maximum
    Vesting ScheduleVests on the third anniversary of the grant date (Feb 15, 2027), except in cases of death, disability, retirement, or change in control
    Additional InformationExact performance numeric targets for EBITDA, ROIC, and Organic Revenue Growth are not fully disclosed due to competitive sensitivity.

    This performance compensation structure for 2024 covers both the short-term cash incentive and the long-term performance RSUs, detailing performance metrics, payout thresholds, targets, maximum caps, and vesting conditions.