Sign in

    Sealed Air Corp (SEE)

    You might also like

    Sealed Air Corporation (SEE) is a global leader in providing innovative packaging solutions that integrate sustainable materials, automation, and services. The company specializes in designing and delivering packaging systems that preserve food, protect goods, and enhance operational efficiency. SEE serves diverse markets, including food, medical, e-commerce, logistics, and industrial sectors, with a portfolio of globally recognized brands.

    1. Food Segment - Offers advanced food packaging solutions, including CRYOVAC® and LIQUIBOX®, to preserve freshness and extend shelf life for fresh proteins, foods, fluids, and liquids.
    2. Protective Segment - Provides protective packaging solutions under brands like SEALED AIR®, AUTOBAG®, and BUBBLE WRAP® for e-commerce, logistics, medical, and industrial applications.
    NamePositionExternal RolesShort Bio

    Dustin J. Semach

    ExecutiveBoard

    President and Chief Executive Officer

    Dustin J. Semach is the President and Chief Executive Officer of SEE since February 14, 2025. He previously served as President and Chief Financial Officer from July 2024 to February 2025 and as Interim Co-President and Co-Chief Executive Officer from October 2023 to June 2024.

    View Report →

    Belinda Hyde

    Executive

    Chief People Officer

    Belinda Hyde is the Chief People Officer at SEE since 2024. Previously, she served as Senior Vice President and Chief Human Resources Officer at Waters Corporation from 2021 to 2024 and as Chief Human Resources Officer at SPX Flow from 2015 to 2020.

    Byron J. Racki

    Executive

    President, Protective

    Byron J. Racki joined SEE as Americas President on June 4, 2024 and later transitioned to President, Protective on October 1, 2024. He previously held significant roles at companies such as Pactiv Evergreen Inc. and Neenah.

    Emile Z. Chammas

    Executive

    Senior Vice President and Chief Operating Officer

    Emile Z. Chammas has been with SEE since 2010, serving in key executive roles including Senior Vice President and Chief Supply Chain Officer, and later as Senior Vice President, Chief Transformation and Manufacturing/Supply Chain Officer before his current appointment in 2022. He additionally served as Interim Co-President and Co-Chief Executive Officer from October 2023 to June 2024.

    Steven E. Flannery

    Executive

    President, Food

    Steven E. Flannery is the President, Food at Sealed Air Corporation since September 30, 2024. He brings over 25 years of leadership experience from Avery Dennison, where he held multiple senior roles driving innovation and market growth.

    Veronika Johnson

    Executive

    Interim Chief Financial Officer

    Veronika Johnson is the Interim Chief Financial Officer at SEE since February 12, 2025. She has also served as Chief Accounting Officer and Controller since 2023, supporting key financial transitions at the company.

    1. How do you plan to quantify and track improvements in customer satisfaction beyond traditional metrics, and can you share specific performance indicators that demonstrate the success of your go-to-market reorganization, particularly in North America?

    2. With Protective volumes having declined due to past customer churn and expected to recover gradually, what concrete timing and specific milestones are you targeting to reverse this trend across both industrial and fulfillment segments?

    3. Given the competitive pressures in the Protective segment, especially after the Supply increase from the Fill-Air exit, what specific initiatives are in place to regain lost market share while maintaining pricing discipline in an environment of modest volume growth?

    4. In light of the evolving trade landscape and potential tariff impacts, how will you manage supply chain risks—particularly in materials like polyethylene and specialty resins—and how quickly can you pass any increased costs through to customers?

    5. As U.S. red meat markets face potential shifts from premium to lower-tier cuts due to consumer trade-downs, what is your detailed strategy to mitigate the impact on the Food segment’s margins and growth, and how are these dynamics reflected in your current guidance?

    Program DetailsProgram 1
    Approval DateAugust 2, 2021
    End Date/DurationNo expiration date
    Total Additional Amount$1.0 billion
    Remaining Amount$536.5 million (as of March 31, 2025)
    DetailsReplaced all previous authorizations; allows repurchases via open-market transactions, Rule 10b5-1 plans, privately negotiated transactions, and accelerated share repurchase programs

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    LB Holdco, Inc

    2023

    Completed acquisition of 100% of LB Holdco, Inc. on February 1, 2023, for approximately $1.17 billion in cash financed via a senior secured credit facility, issuance of senior notes, and cash; the deal is strategic to accelerate the CRYOVAC® Fluids & Liquids business by integrating Liquibox’s sustainable packaging solutions, resulting in significant goodwill and intangible assets.

    Foxpak Flexibles Ltd.

    2022

    Completed acquisition on February 2, 2022 for a total purchase price of $9.7 million, allocated as $5.3 million in goodwill, $2.7 million in identifiable intangible assets, and a $0.3 million deferred tax liability; the acquisition enhances digital printing and highly decorated packaging capabilities in the Food reporting segment, targeting markets such as food retail and pet food.

    No recent press releases or 8-K filings found for SEE.