DUBLIN - Packaging (NYSE:PKG) giant Smurfit Westrock plc has reported a forthcoming change in its executive leadership. Jairo Lorenzatto, the President and Chief Executive Officer for the LATAM region, is set to step down from his role at the end of January for personal reasons. The company announced in a recent filing with the U.S. Securities and Exchange Commission that Alvaro Henao will succeed Lorenzatto as of February 1, 2025.
Henao, who is currently the Senior Vice President of Integration at Smurfit Westrock, has been with the company since before its merger with WestRock (NYSE:WRK) Company on July 5, 2024. His experience in the industry spans over three decades, including a significant tenure as Chief Executive Officer, Central Cluster, at Smurfit Kappa Group (LON:SWR) plc from 2013 to 2023.
Lorenzatto will continue to serve Smurfit Westrock in a non-executive advisory capacity until March 1, 2025, to ensure a smooth transition of leadership. The details of this executive transition were disclosed in the company's Form 8-K, which is publicly available on the SEC’s and the company’s websites.
This leadership change comes after the company's formation from the merger of Smurfit Kappa Group plc and WestRock Company. The move is part of the normal course of business and is not expected to impact the company's operations or strategic direction.
Investors and stakeholders can access the Form 8-K filing for further details. The information in this article is based on a press release statement from Smurfit Westrock plc.
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