Ranpak Holdings appoints Paul Aram as COO, announces departures of regional managing directors

Ranpak Holdings Corp. (NYSE:PACK) announced Thursday the appointment of Paul Aram as Chief Operating Officer. According to a statement based on a recent SEC filing, Aram’s appointment was approved by the company’s board of directors on June 27 and will become effective upon his official start date, which is to be mutually agreed.

Paul Aram, age 64, previously served as Global Supply Chain and Operations Director at IDEX (NYSE:IEX) Corp. since January 2024. Prior to that, he was Vice President of Global Operations at Ingersoll Rand (NYSE:IR) Inc. from May 2019 to December 2023. The company stated there are no arrangements or understandings with any other parties related to Aram’s appointment, and that he does not have any family relationships with members of the board or executive team.

Under the terms of his employment agreement, effective June 30, Aram will receive an annual base salary of €310,000 and a target cash bonus equal to 40% of his base salary. He will also receive a one-time new hire award of 5,000 performance-based restricted stock units (PRSUs) and 5,000 restricted stock units (RSUs). He will be eligible for company benefit programs on the same terms as other senior executives, subject to eligibility requirements. The agreement provides that his base salary and target annual bonus may be reviewed and adjusted periodically at the discretion of the board or compensation committee. The stock awards come as Ranpak shares trade at $3.71, with InvestingPro data showing significant volatility (Beta 2.71) and current undervaluation relative to its Fair Value.

In the same filing, Ranpak Holdings also announced the upcoming departures of two regional managing directors. Eric Laurensse, Managing Director, Europe, will depart effective August 1, and Antonio Grassotti, Managing Director, APAC, will depart effective July 31. For deeper insights into Ranpak’s management changes and comprehensive financial analysis, investors can access the detailed Pro Research Report available exclusively on InvestingPro, covering what really matters for informed investment decisions. The company stated that these departures do not involve any disagreements relating to company operations, policies, or practices. Both Laurensse and Grassotti have entered into separation agreements with the company, allowing their outstanding annual equity awards—76,641 and 49,965 restricted stock units respectively, scheduled to vest in 2026—to continue vesting under the terms of the company’s 2019 Omnibus Incentive Plan.

All information is based on a statement from Ranpak Holdings’ Form 8-K filed with the Securities and Exchange Commission.

In other recent news, Ranpak Holdings Corp. reported its first-quarter earnings for 2025, revealing a challenging start to the year. The company’s earnings per share (EPS) were -$0.13, missing the anticipated -$0.07, while revenue reached $91.2 million, falling short of the expected $92.6 million. Despite these setbacks, North American sales exhibited strong growth, with a 33% increase year-over-year, driven by a 40% rise in volumes. The company continues to focus on automation solutions and operational efficiencies, expecting a 50% increase in automation growth in 2025. Analysts have noted the company’s mixed performance, with adjusted EBITDA declining by 7.8% and gross profit falling by 2.5%. Ranpak’s management remains optimistic, emphasizing strategic initiatives to drive volume growth and improve margins. The company maintains a strong cash balance of $65.5 million, with no drawings on its revolving credit facility, and is actively managing its cost structure to align with current market conditions.

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