Amcor PLC (NYSE: AMCR; ASX: AMC), a global leader in consumer packaging and dispensing solutions, has announced the appointment of Stephen R. Scherger as the new Executive Vice President and Chief Financial Officer, effective November 10, 2025. Scherger succeeds Michael Casamento, who has decided to leave the company after ten years as CFO to return home to Australia. Casamento will remain in an advisory role until June 30, 2026, to support a smooth transition.
Scherger brings over 30 years of finance, operations, and strategy experience in the packaging industry, most recently serving as the CFO of Graphic Packaging since 2015. During his tenure, Graphic Packaging’s net sales more than doubled to nearly $9 billion and net income nearly tripled.
Amcor's CEO, Peter Konieczny, expressed his pleasure in welcoming Scherger and highlighted his deep industry experience, understanding of the U.S. and global packaging markets, and team-oriented leadership style as valuable assets for Amcor. Scherger's appointment is seen as a natural fit for Amcor, with his track record of enhancing growth and profitability at lean, global businesses expected to further enhance Amcor’s ability to deliver value for customers and shareholders.
Reaffirming its fiscal 2026 and first quarter fiscal 2026 outlook, Amcor expects adjusted EPS of 80-83 cps, representing 12-17% constant currency growth, and free cash flow of $1.8-1.9 billion for fiscal year 2026. For the first quarter, Amcor also expects adjusted EPS to be within the previously announced 18-20 cps range.
About Stephen Scherger: 2015-2025: CFO of Graphic Packaging (NYSE: GPK) 2014-2015: Senior Vice President, Finance of Graphic Packaging 2012-2014: Senior Vice President, Consumer Packaging of Graphic Packaging Previous experience at Meadwestvaco, including serving as President of the company’s $1.3 billion beverage and consumer electronics business * Member of the Board of Directors of Middleby Corporation (NASDAQ: MIDD)
Amcor: Global leader in developing and producing responsible consumer packaging and dispensing solutions Over 75,000 employees, generating $23 billion in annualized sales from operations spanning over 400 locations in more than 40 countries
The company's purpose is guided by its commitment to safety, with a focus on elevating customers, shaping lives, and protecting the future. Following these announcements, the company's shares moved -1.88%, and are now trading at a price of $7.82. For more information, read the company's full 8-K submission here.
