Amcor said Ronald Delia notified the company on March 16, 2024 of his intention to retire for health reasons as chief executive officer and a director, effective April 15, 2024. The company said the retirement is not the result of any disagreement with the company.

1. 01

   Amcor said Ronald Delia notified the company on March 16, 2024 of his intention to retire for health reasons as chief executive officer and a director, effective April 15, 2024. The company said the retirement is not the result of any disagreement with the company.

2. 02

   Amcor said Peter Konieczny, its current Chief Commercial Officer, will become Interim CEO effective upon Mr. Delia's retirement and will not join the board. The company said it has hired an outside search firm to find a permanent CEO and will reduce the board to 9 members.

3. 03

   Amcor said it will raise Mr. Konieczny's annual base salary to CHF 1,580,190 and apply a target of 120% and a maximum of 0 to 180% of base salary under the 2024 fiscal year MIP. The company also said it will grant him RSUs covering 170,000 ordinary shares.

4. 04

   Amcor said it continues to expect adjusted EPS of 67 to 71 cents and adjusted free cash flow of about $850 million to $950 million for the 12 months ending June 30, 2024. The company said it plans to allocate about $70 million of cash to share repurchases.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.