WestRock CEO Steve Voorhees leaves for health reasons

  • After about six years in the position
  • Accolades, praise and good wishes for Voorhees
  • David Sewell taking over
  • Voorhees said 115 words

(exechange) — Atlanta, Georgia, March 2, 2021 — Steve Voorhees, chief executive of WestRock, leaves. As announced by WestRock Co. in a news release and in a regulatory filing published on Tuesday, March 2, 2021, Steven C. (Steve) Voorhees leaves his post as chief executive officer at the corrugated packaging company after about six years in the role, effective March 15, 2021.

Steve Voorhees’s duties as CEO will be taken over by David B. Sewell, most recently president and chief operating officer of The Sherwin-Williams Company.

The fact that Steve Voorhees’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.

“Health reasons”

Steve Voorhees’s departure from the CEO post is explained as follows. WestRock said: “Steven C. Voorhees has decided to step down from his position as president and chief executive officer and a director of the Company for health reasons, effective March 15, 2021.”

Share price increase since March 2016

The announcement follows an increase in WestRock Co.’s share price of 30% since March 2016.

Chaired by John A. Luke, Jr.

John A. Luke, Jr. serves as WestRock Co.’s Chairman.

In the position of CEO since 2015

Steve Voorhees became CEO of the Company in 2015.

Steve Voorhees is chief executive officer. Previously he was CEO of RockTenn.

Prior to that, Voorhees served in various executive leadership roles, including president and chief operating officer; executive vice president and chief financial officer; and chief administrative officer.

Before joining RockTenn, Voorhees was in operations and executive roles at Sonat Inc., a diversified energy company headquartered in Birmingham, Alabama.

Voorhees is a member of the board of directors of Truist Financial Corporation.

He earned a bachelor’s degree in economics and mathematics from Northwestern University and a master of business administration from the University of Virginia Darden School of Business.

Push-out Score not determined

When the reason for the departure is health-related, a Push-out Score™ is not determined.

Read the full story in the exechange report 10.2021 ($).