Smurfit-Stone Container Sells Consumer Packaging

Smurfit-Stone also announced that John M. Riconosciuto has resigned as the company’s chief operating officer to become the chief executive officer of the newly formed consumer packaging business for Texas Pacific Group.

“We extend our best wishes to John and our consumer packaging colleagues, and we are confident that these businesses will enjoy long-term success under John’s leadership and the ownership of Texas Pacific Group. We look forward to enjoying a close working relationship with these businesses to our mutual benefit and the benefit of our customers,” Moore said.