Sealed Air Corporation
 |
|
| Public | |
| Traded as | : SEE S&P 500 Component |
| Industry | Conglomerate |
| Founded | 1960 |
| Founders | Alfred W. Fielding and Marc Chavannes |
| Headquarters | Charlotte, North Carolina |
|
Number of locations
|
200+ |
|
Area served
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Global |
|
Key people
|
Jerome Peribere, CEO |
| Revenue | $US 7.7 billion |
| $US 602 million | |
| $US 124 million | |
| Total assets | US$ 9.1 billion |
| Total equity | US$ 1.4 billion |
|
Number of employees
|
about 25,000 |
| Website | http://www.sealedair.com/ |
Sealed Air Corporation is a packaging company known for its brands: Cryovac food packaging, Bubble Wrap cushioning, and Diversey cleaning and hygiene. Sealed Air Corporation has three divisions: Food Care, Product Care, and Diversey Care. Jerome Peribere is the CEO of the Charlotte, North Carolina-headquartered Sealed Air.
In 1957, Alfred W. Fielding and Marc Chavannes attempted to invent plastic wallpaper with a paper backing. While the wallpaper failed, Fielding and Chavannes later realized that what they had come up with could be used for packing material. Sealed Air was founded in 1960 based on this invention of Bubble Wrap. That same year, Sealed Air raised $85,000 in its initial public offering. Fielding served as executive vice president and director of Sealed Air until his retirement in 1987, while Chavannes worked mostly as a consultant.
T.J. Dermot Dunphy served as CEO from 1971-2000. Dunphy graduated from Oxford University and received his master of business administration from Harvard Business School. He became Chairman of Kildare Enterprises, LLC in November 2000, after leaving Sealed Air. While with Sealed Air, Dunphy grew sales from $5 million to $3 billion.
William Hickey served as CEO from 2000-March 2013. Prior to being CEO, William Hickey served in several capacities at Sealed Air, including COO, executive vice president, CFO, vice president, and general manager of the Food Packaging Division and the Cellu Products Division. Before working for Sealed Air, he was CPA at Arthur Young and CFO of W. R. Grace and Company’s Latin American operations.
Sealed Air produced the foam that was ignited in the 2003 Station nightclub fire and has paid $25 million to victims in various civil settlements.
In March 2013, Peribere took over as CEO and President of Sealed Air. Peribere obtained his business economics and finance degree from Institut d'études politiques in Paris, France. Before working for Sealed Air, Peribere worked in several managerial roles with Dow Chemical Company from 1977-2012. He also served as president and COO of Sealed Air before taking over as CEO.
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Wikipedia