Sealed Air Names William G. Stiehl Acting CFO

10/20/17

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air Corporation (NYSE:SEE) announced today that current Chief Accounting Officer and Controller, William G. Stiehl, will assume the additional position of Acting Chief Financial Officer. Mr. Stiehl will succeed current Senior Vice President and Chief Financial Officer Carol P. Lowe, who will depart the Company on October 31, 2017.

“Since joining Sealed Air in 2013, Bill has been instrumental in guiding our efforts to improve operational performance. Over the past five years, we have successfully implemented new financial disciplines and continuous improvement programs that will be reinforced under Bill’s leadership,” said Jerome A. Peribere, President and Chief Executive Officer.

“We are pleased to have delivered accelerated sales growth in the first half of 2017, being led by strong volume growth, particularly in North America, and are on track to achieve our full year 2017 financial outlook which was provided on our most recent quarterly earnings conference call,” Mr. Peribere continued.

Sealed Air is scheduled to release third quarter 2017 results at 7:00 a.m. (ET) on Wednesday, November 8, 2017 and will host a conference call and webcast later that morning at 10:00 a.m. (ET). Mr. Peribere, Ted L. Doheny, Chief Operating Officer and CEO-Designate, and Mr. Stiehl will conduct the investor conference call.

Business

Sealed Air Corporation is a knowledge-based company focused on packaging solutions that help our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions and Bubble Wrap® brand cushioning, enable a safer and less wasteful food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.2 billion in sales in 2016 and has approximately 14,000 employees who serve customers in 117 countries. To learn more, visit www.sealedair.com.

Website Information

We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

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