Zurich, Switzerland, October 2025 — Amcor (NYSE: AMCR, ASX: AMC), a global leader in consumer packaging and dispensing solutions for Nutrition, Health, Beauty, and Wellness, has announced the appointment of Stephen R. Scherger as Executive Vice President and Chief Financial Officer, effective November 10, 2025. Mr. Scherger succeeds Michael Casamento, who, after ten years as Amcor’s Chief Financial Officer, has decided to return home to Australia to be closer to his family on a full-time basis. He will remain with the company in an advisory role until June 30, 2026, to support a smooth transition.
Mr. Scherger brings over 30 years of finance, operations, and strategy experience in the packaging industry. Most recently, he served as Executive Vice President and Chief Financial Officer of Graphic Packaging since 2015, where he played a pivotal role in transforming Graphic Packaging into the world’s largest producer of fiber-based packaging. During his tenure, Graphic Packaging’s net sales more than doubled to nearly $9 billion, and net income nearly tripled, supported by successful large-scale acquisitions and integration strategies.
Amcor CEO Peter Konieczny commented, “On behalf of the Board, I’m pleased to welcome Steve to the Amcor team. His deep industry experience, unique understanding of the U.S. and global packaging markets, and team-oriented leadership style make him a natural fit for Amcor. His proven track record of enhancing growth and profitability at lean, global businesses will further enhance Amcor’s ability to deliver near- and long-term value for customers and shareholders.”
Stephen R. Scherger added, “It is a privilege to join Amcor as CFO. Amcor has established itself as a global leader and innovator in the packaging industry, especially after the Berry Global acquisition. I am honored and excited to join the team at this time and contribute to delivering the ongoing integration commitments, the identified portfolio optimization, and driving long-term organic growth.”
Mr. Konieczny further expressed gratitude to Michael Casamento, stating, “On behalf of the Amcor team, I’d like to thank Michael for more than a decade of service, which concludes with Amcor being better positioned than ever following our successful combination with Berry Global. His contributions and leadership have been outstanding, and he has played a significant role in laying the foundation for years of success. We wish him all the best as he returns to Australia.”
Amcor reaffirmed its Fiscal 2026 and First Quarter Fiscal 2026 outlook, expecting Adjusted EPS of 80-83 cps, representing 12–17% constant currency growth, and Free Cash Flow of $1.8–1.9 billion for the fiscal year. For the first quarter, the company also expects Adjusted EPS to be within the previously announced 18–20 cps range.
About Stephen Scherger
From 2015 to 2025, Mr. Scherger served as Chief Financial Officer of Graphic Packaging (NYSE: GPK), a global provider of fiber-based packaging solutions to food, beverage, and consumer goods companies. Earlier, he held senior leadership roles within the organization, including Senior Vice President, Finance, and Senior Vice President, Consumer Packaging, managing a $2.1 billion business with 6,000 employees across 28 facilities. Prior to that, he spent 25 years at MeadWestvaco, where he held multiple leadership positions in finance, operations, and strategy, ultimately serving as President of the company’s $1.3 billion Beverage and Consumer Electronics business. He currently serves on the Board of Directors of Middleby Corporation (NASDAQ: MIDD), where he is a member of the Audit Committee and Chair of the Compensation Committee.
About Amcor
Amcor is a global leader in developing and producing responsible consumer packaging and dispensing solutions across nutrition, health, beauty, and wellness categories. With expertise in innovation and sustainability, Amcor produces a wide range of flexible and rigid packaging, cartons, and closures designed to be functional, appealing, and environmentally responsible. Guided by its purpose of “elevating customers, shaping lives, and protecting the future,” Amcor employs over 75,000 people, generates $23 billion in annualized sales, and operates more than 400 locations across 40 countries worldwide.
Read Also : When HR “Produces Nothing”: A Response to Jennifer Sey’s Anti-HR Vision
The Fine Balance: Navigating Work, Life, and Mental Wellbeing
Mind the Leadership Gap – From Learning to Real-World Impact
How the Adecco Group is empowering its employees for the future of work
