Michel Giannuzzi will take over from Jean-Pierre Floris at the head of Verallia Packaging
Paris, 18 July 2017 – Verallia Packaging S.A.S. has today announced the appointment of Michel Giannuzzi as Chairman and Chief Executive officer (“CEO”) of the Group starting from September 1, 2017. He will take over from Jean-Pierre Floris, who is appointed as Honorary Chairman and will continue to serve the company as Independent Board Member.
Aged 52 years old, Michel Giannuzzi served as CEO of Tarkett, a worldwide leader of innovative flooring and sports surface solutions, from 2007 to 2017. During his tenure at Tarkett, Michel Giannuzzi pursued a profitable and sustainable growth strategy, which led to a successful IPO in 2013. Prior to that, Michel Giannuzzi held several leading positions within the Michelin Group and Valeo Group. He graduated from Ecole Polytechnique.
Jean-Pierre Floris declared: “I am honoured to have led the team that established the independence of Verallia and that implemented the business plan developed in partnership with Apollo and Bpifrance. Today marks the beginning of a new phase for Verallia. I am delighted with the choice of Michel Giannuzzi, which I supported. He has all the qualities and the experience necessary to guarantee the deployment of our company’s business strategy. I wish Verallia and Michel Giannuzzi every success and I want them to know that they have my full support. I would like to thank our shareholders, our 10,000 customers, and the 10,000 employees of Verallia, with whom I had a great pleasure to work.”
“I am very excited to join Verallia and partner with both Apollo and Bpifrance. Verallia is a leader in its industry and Jean-Pierre Floris has built an exceptional team with years of experience in glass packaging manufacturing, which will lay the foundation for a successful future”, said Michel Giannuzzi.
“We would like to thank Jean-Pierre Floris for his service to the company and his efforts to successfully transition Verallia to a standalone entity. We look forward to continuing to serve Verallia alongside him in his new capacity as Honorary Chairman and Independent Board Member”, stated Robert Seminara, Senior Partner of Apollo and Sébastien Moynot, Board Member of Verallia representing Bpifrance. “We are delighted to welcome Michel Giannuzzi to Verallia, who brings the unique combination of entrepreneurial spirit and proven leadership that will be instrumental to continue the successful development that the company enjoyed under Jean-Pierre Floris’ leadership.”
About Verallia - An independent group, Verallia is one of the world’s top three manufacturers of glass packaging for food and beverages, and proposes innovative, customized and environmentally friendly solutions. Verallia produced around 16 billion glass bottles and jars in 2016. Verallia’s business model is based on combining the strength of its global network (manufacturing operations in 13 countries, sales locations in 46 countries with 5 technical centres and 13 product development centres) and local customer relationships in all regions. In 2016, Verallia achieved net sales of EUR2.4bn. For more information: www.verallia.com
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