Packaging solutions company Amcor has appointed Stephen R Scherger as its executive vice-president and chief financial officer (CFO), with effect from 10 November 2025.

Scherger will take over from Michael Casamento, who is stepping down after ten years as CFO to move back to Australia.

Casamento will continue in an advisory capacity with Amcor until 30 June 2026.

Scherger stated: “Amcor has established itself as a global leader and innovator in the packaging industry, especially after the Berry Global acquisition.

“I am honoured and excited to join the team at this time and contribute to delivering the ongoing integration commitments, the identified portfolio optimisation and driving long-term organic growth.”

Scherger has been working for more than three decades in operations, finance and strategic roles within the packaging sector.

Amcor CEO Peter Konieczny commented: “On behalf of the board, I’m pleased to welcome Steve to the Amcor team. His deep industry experience, unique understanding of the US and global packaging markets and team-oriented leadership style make him a natural fit for Amcor.

“His proven track record of enhancing growth and profitability at lean, global businesses will further enhance Amcor’s ability to deliver near and long-term value for customers and shareholders.”

Amcor has reiterated the first-quarter and full-year 2026 guidance it issued alongside its fourth quarter and FY2025 results on 14 August 2025.

This group still forecasts adjusted earnings per share (EPS) of between 80 and 83 cents, equivalent to 12% to 17% growth on a constant‑currency basis, and expects free cash flow of $1.8 to $1.9bn for the fiscal year 2026.

The packaging solutions company, for the first quarter, anticipates adjusted EPS will fall within the earlier-stated range of 18 cents to 20 cents.

In August 2025, Amcor finished an upgrade at its recycling facility in Heanor, UK, intended to strengthen high-performance recycling infrastructure in Europe and support the transition to a circular economy.