- Push-out Score determined
- After almost 16 years in the position
- Adam Greenlee taking over
- Allott will remain as Executive Chairman at Silgan
- Allott said 101 words
(exechange) — Stamford, Connecticut, July 1, 2021 — Tony Allott, chief executive of Silgan, leaves his position. As announced by Silgan Holdings Inc. in a news release on Thursday, July 1, 2021, Anthony J. (Tony) Allott leaves his post as chief executive officer at the supplier of consumer goods packaging after almost 16 years in the role, effective September 1, 2021.
It is the end of an era.
Tony Allott’s duties as CEO will be taken over by Adam J. Greenlee, currently President and Chief Operating Officer at Silgan Holdings Inc.
“Long-term succession planning”
Tony Allott’s departure from the CEO post is explained as follows. Silgan said: “Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that, as part of the continuation of its long-term succession planning, its Board of Directors has appointed Adam J. Greenlee as Chief Executive Officer of the Company, effective September 1, 2021.”
Allott will remain as Executive Chairman at Silgan
“Mr. Allott will continue to serve as Executive Chairman of the Company,” Silgan said.
Share price increase since July 2016
The announcement follows an increase in Silgan Holdings Inc.’s share price of 61% since July 2016.
In the position of CEO since 2006
Tony Allott became CEO of the Company in 2006.
Anthony J. Allott has been one of the Company’s Directors since June 2006 and the Company’s Chairman of the Board since April 2019.
Allott has also been the Company’s Chief Executive Officer since March 2006.
Allott was the Company’s President from August 2004 through March 2019.
Allott was also the Company’s Chief Operating Officer from May 2005 until March 2006.
From May 2002 until August 2004, Allott was the Company’s Executive Vice President and Chief Financial Officer.
Prior to joining the Company, Allott was Senior Vice President and Chief Financial Officer of Applied Extrusion Technologies, Inc., or AET, a manufacturer of flexible packaging, since July 1996.
From July 1994 until July 1996, Allott was Vice President and Treasurer of AET.
From 1992 until July 1994, Allott was Corporate Controller and Director of Financial Reporting of Ground Round Restaurants.
Prior to that, Allott was a certified public accountant with Deloitte & Touche LLP.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Tony Allott’s move on a scale of 0 to 10.
exechange reached out to Silgan and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 27.2021 ($).