Sealed Air appoints Tod S. Christie, current treasurer, corporate officer, to interim CFO with departure of current CFO David H. Kelsey
ELMWOOD PARK, New Jersey
August 2, 2011
– Sealed Air Corporation (“Sealed Air”) (NYSE:SEE - News) announced today that David H. Kelsey is leaving the Company on August 12th to pursue an opportunity at a privately held company in the Midwest. Tod S. Christie, who has served as the Company’s Treasurer and a Corporate Officer since 1999, has been appointed to the additional role of Interim Chief Financial Officer, effective August 12, 2011. The Company has initiated a search to fill the CFO position on a permanent basis.
“We appreciate the contributions Dave has made to Sealed Air over the past ten years and wish him well in his future endeavors,” said William V. Hickey, President and Chief Executive Officer of Sealed Air. “I also want to thank Tod for assuming this new role. Tod is a valued member of the Sealed Air team, and I have great confidence in his ability to oversee the financial operations of the Company as we continue to execute our strategic plan.”
“I have truly enjoyed my time at Sealed Air and am grateful to have had the opportunity to work with so many talented individuals,” said David Kelsey. “I continue to believe that Sealed Air is well-positioned to achieve its strategic and financial goals. I now look forward to the opportunity to provide financial leadership for an exciting new venture.”
Tod S. Christie, 52, has been a member of Sealed Air's Finance Department since 1984. He was appointed Assistant Treasurer in 1988 and Treasurer in 1999. Prior to Sealed Air, Mr. Christie worked at Arthur Andersen & Co. Mr. Christie holds a Bachelor of Science in Commerce from the University of Virginia, is a Certified Treasury Professional and an Associate in Risk Management.
For over fifty years, Sealed Air has been a leading global innovator and manufacturer of a wide range of packaging and performance-based materials and equipment systems that serve an array of food, industrial, medical, and consumer applications. Operating in 52 countries, Sealed Air’s international reach generated revenue of approximately $4.5 billion in 2010. With widely recognized brands such as Bubble Wrap® brand cushioning, Jiffy® protective mailers, Instapak® foam-in-place systems and Cryovac® packaging technology, Sealed Air continues to identify new trends, foster new markets, and deliver innovative solutions to its customers. For more information about Sealed Air, please visit the Company’s web site at www.sealedair.com.
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