Amcor Welcomes Stephen Scherger as New CFO Amid Changes
Amcor Announces New Leadership with Stephen R. Scherger
Amcor, a global frontrunner in packaging solutions, has appointed Stephen R. Scherger as its new Executive Vice President and Chief Financial Officer, effective November 10, 2025. This decision comes as the current CFO, Michael Casamento, steps down after dedicating a decade to the company. He will continue in an advisory capacity until June 30, 2026, aiding in a smooth transition.
Transition in Leadership
Michael Casamento has played an instrumental role at Amcor, steering the company through significant phases and leaving it well-positioned for future growth. His departure will allow him to return to Australia, becoming a full-time presence closer to family. Scherger's appointment comes at a pivotal time as Amcor aims to enhance its performance and continue on its growth trajectory.
Commitment to Fiscal Growth
Amcor remains committed to its outlook for Fiscal 2026, expecting a strong performance in the upcoming first quarter. The company anticipates an adjusted earnings per share of 80-83 cents, representing a notable growth rate of 12-17% in constant currency. Additionally, the expected free cash flow for the fiscal year is projected to be between $1.8 billion to $1.9 billion.
Stephen Scherger's Background
Scherger brings a wealth of experience in the packaging industry, having spent over 30 years in finance and operations roles. Prior to joining Amcor, he served as the CFO for Graphic Packaging from 2015, playing a critical role in its transformation into the world’s largest producer of fiber-based packaging solutions. His tenure there saw remarkable growth, with net sales doubling and net income nearly tripling.
Leadership Vision
Amcor's CEO, Peter Konieczny, expressed excitement about Scherger’s addition to the team, emphasizing his deep understanding of the packaging market and a collaborative leadership style. This aligns seamlessly with Amcor's mission to foster growth and profitability across its global operations. Scherger remarked on the privilege of joining Amcor during this critical period and looks forward to furthering the company's integration efforts and long-term organic growth initiatives.
About Amcor
Amcor leads the way in delivering responsible packaging solutions across various sectors, including nutrition, health, beauty, and wellness. With a focus on sustainability, Amcor designs flexible and rigid packaging that meets customer demands while maintaining ecological responsibility. The company engages over 75,000 employees across more than 400 locations globally, generating significant annual sales.
A Bright Future Ahead
With Scherger at the financial helm, Amcor is poised to navigate the complexities of the packaging industry, capitalizing on its recent acquisition and ongoing commitment to innovation and sustainability. The leadership transition exemplifies Amcor's dedication to building a robust financial foundation while adapting to the evolving needs of its customers.
Frequently Asked Questions
Who is the new CFO of Amcor?
Stephen R. Scherger has been appointed as the new Chief Financial Officer of Amcor, effective November 10, 2025.
What was Michael Casamento's role at Amcor?
Michael Casamento served as CFO for over ten years and will assume an advisory role until June 30, 2026, during the transition.
What is Amcor's outlook for Fiscal 2026?
Amcor reaffirms an adjusted EPS of 80-83 cents and expects free cash flow between $1.8 to $1.9 billion for Fiscal 2026.
What prior experience does Stephen Scherger have?
Scherger has over 30 years in finance and operations, most recently as CFO of Graphic Packaging, where he led significant growth.
How does Amcor prioritize sustainability?
Amcor focuses on responsible packaging solutions, emphasizing sustainable practices across its operations and product offerings.
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