• Amcor has been recognised with an AA rating by MSCI ESG Research for its strong sustainability performance.
    Amcor has been recognised with an AA rating by MSCI ESG Research for its strong sustainability performance.
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The imminent US$13bn merger between Amcor and Berry Global will result in a new leadership set-up under CEO Peter Konieczny, for the business which will have 400 packaging plants and 75,000 staff.

The merger is due to complete mid-year, and represents another giant step on the journey for the company which started off as a paper mill on the banks of the Yarra in the 1860s. The merged company aims to be the global leader in consumer and healthcare packaging

The new leadership team will include Michael Casamento, who will be the chief financial officer, David Clark as chief sustainability officer, and Deborah Rasin, who will be general counsel. Tracey Whitehead will head the Investor Relations team, while Ian Wilson will lead the Strategy and Development efforts.

They join the trio of execs already revealed: Jean-Marc Galvez who will lead Global Containers & Closures; Fred Stephan, the former president of Beamis, who will be chief operating officer; and Susana Suarez Gonzalez, who has joined Amcor as chief human resources officer. In addition, Kirby Losch will lead the integration project organisation.

Three of the nine members of the new leadership team are Australians: Casamento, Whitehead and Wilson.

All nine will report directly to Konieczny. He said, “The combined talent, experience and acumen of our leaders will be an invaluable asset to the new Amcor, but the work to set all of us up for sustained success does not stop here. In addition to defining how our organization will operate, each appointed leader will now move to build their respective teams.”

Food & Drink Business

Western Australian producer, Brownes Dairy, has been put up for sale according to the Australian Financial Review (AFR), as one of its biggest lenders, China Mengniu Dairy, calls in its $200 million loan. A reduced demand for milk in China and the current positioning of the global market could be driving the decision.

The Central Coast is about to receive a boost to its local food and beverage manufacturing industry, with construction starting on the $17.14 million Food Manufacturing Innovation Hub, funded by the federal government’s National Reconstruction Fund (NFR).

The Australian Industry Group (Ai Group) says Australia is at a “critical crossroads” when it comes to R&D and decades of rhetoric have not delivered material change.