Amcor plc Announces Executive Changes

Amcor plc has announced a series of executive changes. Fred Stephan, Division President of Global Flexible Packaging Solutions, will retire from his officer role effective June 30, 2026, but will remain as a special advisor until December 31, 2026, to ensure a smooth transition. His retirement is not due to any disagreement with the company. In connection with his retirement, Stephan has entered into a Transition and Retirement Agreement, which includes continued salary and benefits until his retirement date, a pro-rated bonus, accrued benefits, COBRA coverage, and full vesting of unvested equity awards. Long-Term Incentive Plan (LTIP) awards issued before July 1, 2025, will have specific provisions for exercise and pro-rated vesting. Ryan D. Yost has been appointed as the new Division President, Global Flexible Packaging Solutions, effective June 15, 2026. Yost brings extensive experience from his previous roles at Avery Dennison Corporation. His compensation package includes an annualized base salary of $1,000,000, participation in the Management Incentive Plan (MIP) and LTIP, a special LTIP grant, a sign-on bonus, and a retention equity grant. He will also receive relocation support and be subject to restrictive covenants.