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Dustin J. Semach

President and Chief Executive Officer at SEALED AIR CORP/DE
Board
Since February 12, 2025
Age
43 years
Education
Holds a Bachelor's degree in Computer Science from Clemson University and a Master's degree in Business Administration from Northeastern University.
Tenure
Joined SEE in April 2023 as Chief Financial Officer-Designate, later serving as Chief Financial Officer, Interim Co-President and Co-Chief Executive Officer, and President and Chief Financial Officer before being promoted to President and Chief Executive Officer in February 2025.

Also at SEALED AIR CORP/DE

BH
Belinda Hyde
Chief People Officer
BJR
Byron J. Racki
President, Protective
EZC
Emile Z. Chammas
Senior Vice President and Chief Operating Officer

About

Dustin J. Semach is a seasoned executive with extensive leadership experience, currently serving as the President and Chief Executive Officer of SEE. He is 43 years old as of January 31, 2025 and has earned a strong educational foundation with a Bachelor's degree in Computer Science from Clemson University and a Master's degree in Business Administration from Northeastern University.

He joined SEE in April 2023 as Chief Financial Officer-Designate, quickly advancing through various leadership roles including Chief Financial Officer and Interim Co-President and Co-Chief Executive Officer before his appointment as President and Chief Executive Officer in February 2025.

Throughout his tenure at SEE, he has played a pivotal role in driving strategic transformations and operational efficiencies, leveraging his over 20 years of industry experience. His leadership is marked by a focus on financial rigor, operational excellence, and the cultivation of a customer-centric culture.

$SEE Performance Under Dustin J. Semach

Past Roles

OrganizationRoleDate RangeDetails
Sealed Air Corporation President and Chief Financial Officer July 2024 to February 2025
Sealed Air Corporation Interim Co-President and Co-Chief Executive Officer, and Chief Financial Officer October 2023 to June 2024
Sealed Air Corporation Chief Financial Officer April 2023 to May 2023 Joined as CFO-Designate then became CFO
TTEC Holdings, Inc. Chief Financial Officer November 2021 to April 2023 Joined in December 2020 as part of CFO succession
Rackspace Technology, Inc. Chief Financial Officer July 2019 to November 2020
DXC Technology Company Various Leadership Roles January 2013 to July 2019
Computer Sciences Corporation Leadership Position N/A Held leadership role in IT services
IBM Leadership Position N/A Held leadership role in IT services

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$762,500 AnnualFixed base salary for 2024
Bonus$1,150,000 Mixed: $1,000,000 on July 1, 2024 and $150,000 monthly stipend (January–June 2024) Cash transition bonus upon promotion and interim service payments
24RSU25,000 shares; $900,000 fair value Grant Date: February 21, 2024Fixed stock grant with no performance conditions
24RSU (Retention 1)55,181 shares; $1,800,004 fair value Grant Date: August 15, 2024Retention award with defined grant date
24RSU (Retention 2)45,985 shares; $1,500,031 fair value Grant Date: August 15, 2024Retention award with defined grant date
Company Profit Sharing Contribution$18,113 As applicable in 2024Contribution based on company profitability
Company 401(k) Matching Contributions$13,800 As applicable in 2024Matching contributions for retirement savings
Relocation Costs$8,302 As incurred in 2024Costs related to relocation
Tax Gross-Up$6,058 As incurred in 2024Tax benefit provided to offset the tax burden

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan (AIP)

MetricValueDetails
Target Annual Award$709,770 Prorated based on promotion effective July 1, 2024
Final Funding Factor122.1% Performance adjustment based on financial goals
Actual Annual Award$866,629 Outcome after applying performance metrics
Performance MetricsAdjusted EBITDA (50%), Net Sales (25%), Free Cash Flow (25%)Achievement of pre-established financial targets

24PSU (Equity Incentive Plan)

MetricValueDetails
Target PSUs25,000 shares Represents 100% of the target award
Threshold50% of targetNo awards earned below threshold
Maximum200% of targetMaximum possible award
Grant DateFebruary 21, 2024 Relevant for performance period commencement
Grant Date Fair Value$41.09 per share Determined via Monte Carlo simulation
Performance MetricsAdjusted EBITDA CAGR (50%), Return on Invested Capital (50%)Metrics measured over a three‐year period (2024–2026)
TSR Modifier±25% adjustment based on relative Total Stockholder ReturnCompares performance against a customer peer group
Vesting ScheduleVest in 2027 after performance period (January 1, 2024 – December 31, 2026)Shares issued upon certification by the P&C Committee