Graphic Packaging International names new CEO

Leadership Changes - Graphic Packaging International (GPI) will appoint Robbert Rietbroek as the new CEO effective January 1, following the departure of Mike Doss, who has served as CEO for 10 years and will leave the company on December 31 [2][5] - Rietbroek brings over 25 years of experience from various Fortune 500 companies, including leadership roles at Primo Brands Corp., Quaker Foods North America, and Kimberly-Clark [3][4] Cost-Cutting Measures - GPI plans to lay off an undisclosed number of employees in 2026 as part of a strategy to cut costs by $60 million [6] - The company anticipates a charge of approximately $20 million related to severance and associated costs due to the layoffs [6] Inventory Management - GPI is working to reduce inventory further in the fourth quarter of this year, accelerating planned reductions due to the startup of a new recycled paperboard mill in Waco, Texas [8] - The production curtailment is expected to impact fourth-quarter results by $15 million, in addition to a previously stated $15 million [8]