#Luxembourg #Luxembourg City #Ardagh Group #John Sheehan #Business Transition

Ardagh Group Announces Retirement of CFO

Ardagh Group S.A., a renowned global supplier of sustainable packaging solutions, has officially announced the retirement of its Chief Financial Officer (CFO), John Sheehan, effective at the end of the current year. This decision, communicated to the Board earlier in the year, signifies a crucial transition for the company as it continues to navigate its financial landscape.

In a statement, Mark Porto, the Executive Chairman of Ardagh, expressed profound gratitude towards Sheehan for his dedication and expertise. Porto remarked, "We are extremely grateful to John for his commitment and diligence in delaying his planned departure until the successful completion of the recapitalization transaction earlier this month." This highlights Sheehan's critical role in ensuring stability and continuity during a pivotal moment for the organization.

John Sheehan leaves behind a significant legacy within the company. He has been widely recognized not only in Ardagh but also in the broader industry for his contributions. Reflecting on his time at the helm, Sheehan shared his optimism about Ardagh's future, stating, "I believe Ardagh is well-positioned for its next phase, with a recapitalized balance sheet and strong market positions. I wish my colleagues and the new owners of the business every success for the future."

As the company prepares for Sheehan's departure, it has already initiated a search for his successor. An announcement regarding this appointment is expected in the near future, reflecting Ardagh’s commitment to a seamless transition in leadership.

About Ardagh Group

Ardagh Group is a leader in providing infinitely recyclable metal and glass packaging. With an extensive network consisting of 58 production facilities across 16 countries, the company employs approximately 19,000 individuals. In the fiscal year 2024, Ardagh reported sales reaching approximately $9.1 billion. This impressive scale underscores the company’s influential position in the packaging industry and its dedication to sustainability.

As Ardagh takes bold strides forward, transitioning its leadership and fortifying its financial capital, the industry will be watching closely. The decisions made in the coming months will not only impact the company but also set benchmarks for others in the sector striving for stability and growth in a competitive marketplace. Sheehan's retirement may mark the end of one chapter, but it also opens the door to new possibilities for innovation and advancement within one of the world’s leading packaging firms.

Overall, the upcoming changes at Ardagh Group reflect broader trends in corporate governance and the importance of strategic leadership in steering companies towards future challenges. As Ardagh navigates this transition, it aims to reinforce its market position and continue its legacy of providing quality and creative packaging solutions for brands globally.