Greif, Inc. announced that Pete Watson will retire as President and CEO, effective February 1, 2022. The Board of Directors has elected Ole Rosgaard to succeed Mr. Watson as President and CEO, effective February 1, 2022. Mr. Rosgaard will serve as Chief Operating Officer of the Company until that time.
The Company also announced that Michael Gasser, who has served as Chairman of the Board of Directors since 1994, will not stand for re-election to the Board at the Company's 2022 annual meeting of stockholders. At that time, Mr. Watson will become Executive Chairman of the Board of Directors and Bruce Edwards will become the lead director for the Board of Directors.
Mr. Rosgaard joined Greif in 2015 and currently serves as Senior Vice President, Group President of Global Industrial Packaging. Prior to that, Mr. Rosgaard was the Senior Vice President and Group President leading the Global Rigid Industrial Packaging business and previously served as Senior Vice President and Group President, Rigid Industrial Packaging-Americas. Mr. Rosgaard also led Greif's global sustainability initiatives through 2020. Prior to joining the Company, he served in a senior leadership role with BMI Group, and earlier in his career, he served as strategic business unit leader at VELFAC.
Greif, Inc. is a global leader in industrial packaging products and services.
