SEE Announces Leadership Transition
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Sealed Air (SEE) CEO ousted with stock in free-fall and possible activist at the gate
October 24, 2023 7:58 AM EDTAfter the close, Sealed Air (NYSE: SEE) announced that Ted Doheny would be stepping down as President and Chief Executive Officer and as a member of the Board, effective immediately. The move was seen as "unexpected" and triggered one Wall Street downgrade. Others, however, may look at the action as a positive with the stock down 43% year-to-date and speculation that activist investors have been circling the stock.
While the board searches for a new President and CEO, the company... More
