IT'S A WRAP.

AuthorMildenberg, David
PositionSTATEWIDE: Charlotte - Ted Doheny succeeding Jerome Peribere at Sealed Air Corp. - Brief article

Change is the only constant at Bubble Wrap maker Sealed Air as it heads into the new year with a slimmer profile and new leaders. Ted Doheny, former CEO of Joy Global, is succeeding Jerome Peribere, who joined the company as president in September 2012 and got the top job a year later. Peribere oversaw Sealed Air's corporate headquarters move from New Jersey to Charlotte, where about 1,400 people work in a $58 million office complex. He also engineered the $3.2 billion spinoff of the Diversey Care cleaning-products unit that Sealed Air had acquired for $4.3 billion in 2011. Diversey represented more than a third of Sealed Air's $6.8 billion annual revenue in 2016.

Sealed Air's shares tripled in the three years following Peribere's arrival but have stalled over the last 18 months as revenue didn't grow as fast as expected and higher raw-material prices pinched profits. Doheny told analysts...

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