Company news: Pact Group
Pact Group announced a new CEO. In contrast to Transpacific Industries, a considered process has been undertaken, and a proper handover will occur. The new CEO, Mr Malcolm Bundy, will commence on 1st December. He has an extensive packaging background in the USA, after being in senior management with Goodman Fielder (including as CFO).
The current CEO, Mr Brian Cridland will cease as CEO on that date, but will remain with Pact until April 2016 to facilitate an orderly transition of leadership and operations.