Amcor Appoints Stephen R. Scherger as Executive Vice President and Chief Financial Officer

Amcor, a global leader in developing and producing responsible packaging solutions, has announced the appointment of Stephen R. Scherger as its new Executive Vice President and Chief Financial Officer, effective February 1, 2025. This strategic move sees Mr. Scherger taking over from Shumeet Banerji, who has served as interim CFO since October 2023.

Amcor's leadership expressed enthusiasm for Scherger's arrival, highlighting his impressive track record and extensive experience in corporate finance.

Stephen R. Scherger brings a wealth of financial expertise and leadership to Amcor. Most recently, he served as Executive Vice President and Chief Financial Officer at Carlisle Companies Inc., a diversified global manufacturer, where he played a pivotal role in driving financial strategy and operational excellence.

Prior to his tenure at Carlisle, Mr. Scherger held the position of Chief Financial Officer at Acuity Brands Inc., a leading industrial technology company. His career also includes a significant period at General Electric, where he held various senior finance positions of increasing responsibility across multiple divisions, further solidifying his diverse industry experience and financial acumen.

Academically, Mr.

Scherger holds a Master of Business Administration from The University of Chicago Booth School of Business, complementing his Bachelor of Science degree in Finance from Miami University in Ohio. His strong educational background, combined with decades of practical experience, positions him perfectly to guide Amcor's financial future.

Amcor, with net sales of US$14.7 billion in fiscal year 2024, operates across 40 countries and employs approximately 41,000 talented individuals.

The company is renowned for its commitment to innovation and sustainability, providing essential packaging solutions for food, beverage, pharmaceutical, medical, home- and personal-care, and other diverse products. Scherger's appointment is expected to bolster Amcor's strategic initiatives, enhancing its financial performance and supporting its global growth objectives.

This key leadership addition underscores Amcor's dedication to strengthening its executive team with seasoned professionals who can contribute to its vision of creating a more responsible and sustainable packaging industry.

With Scherger at the financial helm, Amcor is well-positioned to continue its trajectory of innovation, market leadership, and value creation for its stakeholders.