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Chidichimo to lead new Sealed Air business unit after Diversey integration
9th of November 2011
Sealed Air Corporation in the USA has announced the next step in the integration of the Diversey business, which it took over in June in a deal worth US$ 4.3 billion. This includes the establishment of new business units in 2012.
"As part of our integration process, we plan to organise Sealed Air into three business units focused on food safety and security, facility hygiene and product protection," explained William Hickey, president and chief executive officer of Sealed Air.
"This market-oriented organisation will help maximise the opportunities and value creation we expect to generate from the Diversey acquisition."
The Food and Beverage unit will combine Sealed Air's Food Packaging and Food Solutions businesses with Diversey's Food and Beverage applications. It's anticipated this sector will represent around 45 per cent of Sealed Air revenue and it will be headed up by Karl Deily, who currently leads Sealed Air's global food packaging business.
The majority of the Diversey business will be incorporated in the new Institutional & Laundry business unit - building care, laundry and infection control. Expected to account for 30 per cent of Sealed Air revenue, this unit will be led by Pedro Chidichimo, who currently heads up Diversey global customer solutions and innovation and is a regular contributor to ECJ.
Expected to make up 20 per cent of Sealed Air's turnover is the new Protective Packaging unit - combining Sealed Air's protective packaging, shrink packaging and specialty materials businesses. Heading it up will by Ryan Flanagan, who has a 20-year background with Sealed Air.
A Developing Markets Group will also be formed with direct responsibility for markets in Africa, Asia, India, the Middle East and Turkey. Yagmur Sagnak of Diversey will lead that part of the business.
Diversey chief executive Ed Lonergan has decided to leave the company but will maintain a consulting role for the next six months while the integration is taking place.
www.diversey.com
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