Reynolds Consumer Products reshuffles executive team

LAKE FOREST, Ill. - Reynolds Consumer Products Inc. (NASDAQ:REYN), known for household brands such as Reynolds Wrap and Hefty, has announced changes to its executive leadership aimed at driving growth and improving margins. The company, currently valued at $4.88 billion, has maintained profitability with earnings per share of $1.59 over the last twelve months. According to InvestingPro analysis, Reynolds appears slightly undervalued at its current trading price of $23.18, which is near its 52-week low. Carlen Hooker is set to become the new Chief Commercial Officer on June 16, 2025, while Ryan Clark will take over as President of Hefty Tableware on May 20, 2025.

Hooker, with a background at companies like Church & Dwight and Pfizer, is expected to leverage her expertise in commercial operations to spearhead revenue growth and strengthen customer relationships. She will be succeeding Steve Pace, who is retiring but will assist in the transition until July 31, 2025.

Clark, with a 25-year tenure in the consumer packaged goods (CPG) industry, will succeed Rachel Bishop. His experience with Post Holdings and Kraft Foods is anticipated to contribute to the profitable growth of the tableware category. Bishop will leave the company on June 30, 2025, to pursue other opportunities and will support Clark during the handover of responsibilities.

Scott Huckins, President, and CEO of Reynolds Consumer Products, expressed confidence in both appointments, highlighting Hooker’s track record in driving growth and Clark’s ability to expand margins. Huckins also acknowledged the contributions of the outgoing executives, Pace and Bishop.

The appointments are part of Reynolds’ strategy to capitalize on market trends such as convenience, sustainability, and innovation, as well as to maintain its leading market positions. The company’s portfolio includes top household products that are staples in the majority of U.S. homes.

This executive reshuffle is based on a press release statement from Reynolds Consumer Products Inc. and reflects the company’s continuous efforts to adapt and grow in a competitive market.

In other recent news, Reynolds Consumer Products reported its earnings for the first quarter of 2025, with earnings per share (EPS) meeting expectations at $0.23. However, the company’s revenue came in slightly below forecasts, totaling $818 million compared to the anticipated $821.65 million. Following these results, Canaccord Genuity revised its outlook on Reynolds, lowering the stock price target from $27.00 to $26.00 while maintaining a Hold rating. The revision was influenced by challenges such as retailer destocking and tariff impacts, which also led Reynolds to predict a potential revenue decline in the low single digits for the full year 2025.

The company’s guidance for the second quarter of 2025 anticipates net revenue to decrease by 2-5%, with adjusted EPS projected between $0.35 and $0.39. Despite these challenges, Reynolds is focusing on new product launches, including Hefty Fabuloso waste bags and compostable cutlery, to drive growth. Analysts from Canaccord Genuity noted that they might adopt a more favorable view of the stock if there are signs of sustainable volume growth or stable margins. Reynolds’ executives emphasized their strategic initiatives to counteract the effects of tariffs and retailer inventory management strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.