Amcor Introduces Stephen R. Scherger as New CFO Following Recent Executive Transition

Amcor Welcomes Stephen R. Scherger as CFO

Amcor, a prominent name in consumer packaging and dispensing solutions, has recently made a significant leadership change by appointing Stephen R. Scherger as its new Executive Vice President and Chief Financial Officer. This move comes as Michael Casamento steps down after a decade in the role, choosing to return to Australia to be closer to family. Scherger will officially take over the position starting November 10, 2025.

Background of the Transition

Michael Casamento, who has been pivotal in steering Amcor's financial strategies and operations, will remain with the company in an advisory capacity until June 30, 2026. This adjustment aims to ensure a smooth transition as Scherger steps into the leadership role. Under Casamento's tenure, Amcor has seen significant advancements, particularly following the acquisition of Berry Global, which has enhanced Amcor’s market position and growth trajectory.

Stephen R. Scherger: A Leader in the Packaging Industry

Scherger is no stranger to the packaging industry, bringing over 30 years of experience in finance, operations, and strategic development. Prior to joining Amcor, he served as CFO at Graphic Packaging, where he was instrumental in transforming the company into a leading fiber-based packaging maker. His leadership helped boost Graphic Packaging’s net sales from below $4 billion to nearly $9 billion, while significantly increasing net income. His expertise in managing large-scale integrations and fostering business growth will be essential as he assumes his new responsibilities at Amcor.

Leadership Vision at Amcor

Peter Konieczny, CEO of Amcor, expressed his enthusiasm for Scherger's appointment, noting his robust industry experience and his successful track record in enhancing profitability and growth. Konieczny stated, "His deep industry expertise and a collaborative leadership style make him a perfect fit for our team at Amcor."

Scherger himself expressed excitement about joining Amcor at this pivotal time, emphasizing the company's commitment to innovation and sustainability in the packaging sector. He highlighted the importance of continuing the integration processes post-Berry Global acquisition, as well as aligning product offerings to optimize the company’s portfolio and drive long-term organic growth.

Commitment to Stakeholders

Amcor has reaffirmed its outlook for Fiscal 2026, targeting an adjusted earnings per share between 80-83 cents and free cash flow expectations of $1.8-$1.9 billion. This commitment underscores the company’s dedication to maintaining transparency and delivering value to its shareholders and customers.

As Amcor enters this new chapter under Scherger's leadership, industry observers are eager to see how his experience and vision will influence strategic decisions and operational advancements within the company.