AMCOR appoints Stephen Scherger as CFO, replacing departing executive

Amcor (NYSE: AMCR, ASX: AMC) announced the appointment of Stephen R. Scherger as Executive Vice President and Chief Financial Officer, effective November 10, 2025. Scherger will replace Michael Casamento, who is leaving the company after ten years as CFO to return to Australia to be closer to his family.

Casamento will remain in an advisory role until June 30, 2026, to support the transition, according to the company statement.

Scherger brings over 30 years of experience in finance, operations and strategy within the packaging industry. He most recently served as Executive Vice President and CFO of Graphic Packaging (NYSE: GPK) since 2015. During his tenure at Graphic Packaging, the company's net sales more than doubled to nearly $9 billion and net income nearly tripled.

Prior to his CFO role, Scherger held various positions at Graphic Packaging from 2012 to 2015, including Senior Vice President of Consumer Packaging, where he managed a $2.1 billion business with approximately 6,000 employees across 28 manufacturing facilities. He spent the first 25 years of his career at MeadWestvaco in roles of increasing responsibility.

Scherger currently serves on the Board of Directors of Middleby Corporation (NASDAQ: MIDD), where he chairs the Compensation Committee and serves on the Audit Committee.

The company reaffirmed its fiscal 2026 outlook, maintaining expectations for adjusted earnings per share of 80-83 cents, representing 12-17% constant currency growth, and free cash flow of $1.8-1.9 billion. For the first quarter of fiscal 2026, Amcor expects adjusted earnings per share within the previously announced 18-20 cents range.

Amcor is a global packaging company with over 75,000 employees generating $23 billion in annualized sales from operations spanning over 400 locations in more than 40 countries.

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