SIG Combibloc Group AG Announces Upcoming Board of Directors Changes

SIG Group AG disclosed today significant modifications in its Board of Directors' lineup, citing details for the upcoming Annual General Meeting on April 23, 2024. The company confirmed that all current board members are set to be nominated for another year. They also introduced Thomas Dittrich, formerly of Galderma and Shire plc, as a nominee for the board. Dittrich’s extensive financial leadership background underscores SIG’s strategic emphasis on experience and expertise in its governance structure.

Further developments announced involve Andreas Umbach, the current Chair of the Board, who will stand for re-election for the last time, planning to step down in 2025. Under Umbach's leadership since SIG's 2018 public listing, the company experienced significant strategic growth. SIG aims to maintain stability and continuity by starting early in their search for the next Chair, a process overseen by their Nomination and Governance Committee.

These steps underscore SIG's commitment to leadership continuity and strategic oversight amidst a period of growth and transition. As the company prepares for these changes, it remains focused on its mission of providing sustainable packaging solutions worldwide.