Sealed Air hires former Sonoco exec to lead food business

Executive Changes - Sealed Air has appointed Russell Grissett as the new president for its global food business, previously serving as president and CEO at Toppan Packaging Americas [1][2] - This appointment is part of a series of executive changes at Sealed Air, which also includes a new CEO and CFO announced for 2025 [2] Acquisition Details - Sealed Air has agreed to be acquired by funds affiliated with private equity firm CD&R for an estimated $6.2 billion, with the potential for the company to be taken private by mid-next year [4] - The acquisition deal allows Sealed Air to solicit additional offers until December 16 [4] Background of New President - Russell Grissett has nearly 30 years of experience at Sonoco, where he was president of global thermoformed and flexibles packaging until April of this year [3] - Grissett also chairs the board of directors for the Flexible Packaging Association [3] Business Strategy - Sealed Air executives have indicated opportunities to further diversify the food business in retail and food service sectors [4]