- Pro-Pac Packaging (PPG) appoints John Cerini as its new CEO and will join the company’s board as Managing Director, effective immediately
- Mr Cerini held the role of CEO of Integrated Packaging for 12 years before it was acquired by Pro-Pac, where he took on the role of Chief Operating Officer
- Chairman Jonathan Ling says Mr Cerini is the ideal person to guide the company through its transitional period where it is focused on returning its flexibles business to profitability
- His remuneration package includes a $625,292.40 salary including superannuation
- Shares in Pro-Pac hold steady at 30 cents as of 11:34 am AEST
Pro-Pac Packaging (PPG) has appointed John Cerini as its new CEO and will join the Board as Managing Director, effective immediately.
Mr Cerini was the CEO of Integrated Packaging for 12 years, during which time the company’s revenue increased from $80 million to $225 million.
The company was later acquired by Pro-Pac, which saw him take on the role of Chief Operating Officer for two years.
The company said the incoming CEO is considered a seasoned executive with extensive industry and manufacturing experience, having held a number of industry board and management positions. These include the roles of CEO of Detmold Industrial Packaging for five years, and board member of Chemistry Australia.
Chairman Jonathan Ling said Mr Cerini is the ideal person to guide the company through its transitional period, where it is focused on returning its flexibles business to profitability.
“His strong management, operational and manufacturing experience in the flexibles and packaging segments, and his familiarity with the ProPac 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.”
His remuneration package includes a $625,292.40 salary including superannuation, along with short and long term incentives based on performance.
Shares in Pro-Pac held steady at 30 cents as of 11:34 am AEST.