Amcor names Stephen Scherger as new CFO as Casamento returns to Australia

ZURICH - Packaging company Amcor (NYSE:AMCR, ASX: AMC), currently valued at $1.5 billion with shares trading near $2.93, announced Thursday the appointment of Stephen R. Scherger as Executive Vice President and Chief Financial Officer, effective November 10, 2025. According to InvestingPro data, the company currently maintains a Fair Value rating suggesting potential upside.

Scherger will replace Michael Casamento, who is stepping down after ten years as CFO to return to Australia to be closer to his family. Casamento will remain as an advisor until June 30, 2026, to support the transition.

Scherger joins Amcor with over 30 years of experience in the packaging industry. He most recently served as Executive Vice President and CFO at Graphic Packaging since 2015, where he helped transform the company into a major fiber-based packaging producer. During his tenure, Graphic Packaging’s net sales more than doubled to nearly $9 billion. Scherger’s experience will be crucial as Amcor faces challenges, with InvestingPro analysis showing the company operating with significant debt burden and a current ratio of 0.44.

"His deep industry experience, unique understanding of the U.S. and global packaging markets and team-oriented leadership style make him a natural fit for Amcor," said Amcor CEO Peter Konieczny in the statement.

Prior to his CFO role at Graphic Packaging, Scherger held various senior positions at the company including Senior Vice President of Finance and Senior Vice President of Consumer Packaging. He began his career at MeadWestvaco, where he worked for 25 years in various finance, operations and strategy roles.

Amcor also reaffirmed its financial outlook for fiscal year 2026, expecting Adjusted EPS of 80-83 cents per share, representing 12-17% constant currency growth, and Free Cash Flow of $1.8-1.9 billion. For the first quarter, the company expects Adjusted EPS to be within the previously announced range of 18-20 cents per share. Recent data from InvestingPro shows revenue growth of 9.42% in the last twelve months, though the company faces challenges with cash flow management. Get access to 12 additional ProTips and comprehensive analysis in the Pro Research Report, available exclusively to subscribers.

The information in this article is based on a company press release.

In other recent news, AMC Entertainment Holdings, Inc. announced a significant reduction in its debt, eliminating $39.9 million of its Senior Secured Exchangeable Notes due 2030 without issuing new shares or using cash. This move is part of a broader refinancing agreement that has now reduced AMC’s debt by a total of $183 million since July 2025. Additionally, the company experienced a major box office success with Taylor Swift’s album-debut event "TAYLOR SWIFT | THE OFFICIAL RELEASE PARTY OF A SHOWGIRL," which generated over $50 million globally, including $34 million domestically. The event was screened at AMC locations and topped both domestic and global box office charts for the weekend ending October 5. In boardroom news, Kathleen M. Pawlus, a long-serving member of AMC’s Board of Directors, will retire in December 2025, concluding her roles on the Audit and Compensation Committees. These developments come amid a period of strategic financial management and high-profile events for AMC.

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