Graphic Packaging Holding Company has chosen Larry Venturelli to chair its board, following its annual shareholder meeting.
He replaces Philip Martens, who has held the chair position since May 2016 and is retiring after having worked as a director since November 2013.
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Martens joined the board with international manufacturing and senior management experience, including president and CEO of Novelis.
Graphic Packaging president and CEO Robbert Rietbroek, who took on the role earlier this year, said: “On behalf of the company and the entire board, I want to thank Phil for his commitment and leadership during one of the most impactful periods in Graphic Packaging’s history.
“Graphic Packaging has greatly benefited from Phil’s leadership, strategic perspective and substantial contributions throughout his tenure as board chair.”
Martens said: “It has been a privilege to serve Graphic Packaging through a period of significant growth and progress. I am proud of what the company has accomplished and confident in its future under Robbert’s leadership and with Larry as chairman. Larry’s experience, judgment and understanding of the business make him well suited to guide the board in its next chapter.”
Rietbroek added: “Larry brings decades of global business experience to the chair role, including deep manufacturing and consumer products expertise from industry-leading companies. I look forward to working closely with Larry as we continue executing our strategy to create long-term value for stockholders, customers and employees.”
Venturelli has sat on Graphic Packaging’s board since 2016. During that time, he has served on the nominating and corporate governance, audit, and compensation and management development committees.
He was previously executive vice-president and chief financial officer at Whirlpool Corporation and served in other executive posts at the company before retiring.
Venturelli said: “I look forward to working closely with my fellow board members, Robbert and the executive team as we build on the company’s strong foundation and advance its leadership in consumer packaging.”
