SYDNEY, AUSTRALIA: Pro-Pac Packaging Limited (ASX:PPG) announced that Mr John Cerini has been appointed Chief Executive Officer and will join the Board as Managing Director effective today.
John Cerini is a seasoned executive with extensive industry and manufacturing experience, and is well known to the Company having been CEO of Integrated Packaging for 12 years before it was acquired by Pro-Pac, as well as Pro-Pac’s COO for 2 years. During John’s time as CEO of Integrated Packaging, revenues increased from $80m to $225m.
Prior to joining Integrated Packaging, John spent 5 years as the CEO of Detmold Industrial Packaging, and 4 years as the Divisional General Manager of the Metal Packaging Group at Amcor Limited John has also held a number of industry board positions, including a Chemistry Australia Board member from 2015 to 2019, Board Chairman of Stratex Pty Limited from 2010-2017 and board member of CRC For Polymers from 2012-2018.
The Chairman of Pro-Pac, Mr Jonathan Ling, said: “We are delighted to have secured the services of John Cerini. He is the ideal person to guide us through this transitional period where we are focused on returning our Flexibles business to profitability.
His strong management, operational and manufacturing experience in the flexibles and packaging segments, and his familiarity with the Pro-Pac operations will mean he can immediately make an impact. I am confident shareholders will also benefit from the strong alignment John has by virtue of his personal shareholdings in the Company. The Board has deliberately structured his remuneration package to further enhance this alignment.”
Mr Cerini said: “I am excited to be re-joining Pro-Pac at this key stage in its journey, and I will be extremely focussed on delivering value for shareholders. I look forward to working with Jonathan and the Pro-Pac Board”
John has a Bachelor of Bachelor of Science majoring in Applied Science and Chemical Engineering from Monash University.
Jonathan Ling will be stepping back into his non-executive Chairman role.