Amcor hires away Graphic Packaging’s CFO

Core Insights - Amcor has announced the hiring of Stephen Scherger as its new Chief Financial Officer, effective November 10, succeeding Michael Casamento who has served in the role for 10 years [1][4]. Company Developments - Stephen Scherger previously served as CFO of Graphic Packaging International (GPI) for a decade, during which GPI's net sales more than doubled, highlighting his significant impact on the company's growth [2]. - Under Scherger's leadership, GPI completed major acquisitions, including the 2018 merger with International Paper's North America consumer packaging business and the 2021 acquisition of AR Packaging for $1.45 billion [3]. - Amcor's recent leadership change marks its second major C-suite transition in two years, following the promotion of Peter Konieczny to CEO in 2024 [5]. Transition Details - Scherger will conclude his tenure at GPI after the third-quarter earnings report on November 4, with Charles Lischer appointed as interim CFO [6].