Gary McGann, group chief executive of packaging giant Smurfit Kappa, has announced his forthcoming retirement from the business on 31 August 2015.
He has led the business since 2002.
In a statement, Liam O’Mahony, Smurfit Kappa chairman said that under McGann’s stewardship, “the Group has more than doubled in size, consolidated its position as European market leader; increased the Group’s presence in Latin America; and, re-entered the US market.
“He also led the Group’s return to public markets in 2007 in what was the largest ever capital raising in the sector globally. Gary has been recognised within the industry and by capital markets as the outstanding CEO of our sector. The Board is grateful for his substantial contribution in leading the Group’s growth and development over the last 13 years.”
Tony Smurfit, the company’s president and chief operating officer has been announced as his successor, and will assume the role on 1 September.
McGann said that it has been “a privilege to lead Smurfit Kappa Group as CEO. I have been honoured to have the unwavering support of our team of top class professionals.”
© 2015 - Checkout Magazine by Stephen Wynne-Jones