– USA, OH – Ranpak Holdings Corp. (NYSE: PACK), a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains, today announced that Executive Chairman Omar Asali has agreed to expand his role at Ranpak and become CEO effective immediately. As CEO, Mr. Asali will focus on accelerating growth and profitability for Ranpak. He will replace J. Mark Borseth as CEO.
About Omar Asali
Previously, Mr. Asali was the Chairman and CEO of One Madison Corporation, a special purpose acquisition company that acquired Ranpak. Prior to that, Mr. Asali served as Chief Executive Officer, President and a member of the Board of Directors of HRG Group (NYSE: SPB). He was also the Vice-Chairman and member of the Nominating and Corporate Governance Committee of Spectrum Brands Holdings (NYSE: SPB) and a member of the Board of Directors and Chairman of the Compensation Committee and Nominating and Corporate Governance Committee of Fidelity & Guaranty Life (NYSE: FGL).
Mr. Asali said, “Ranpak is at an exciting point in its history. As a leader in environmentally sustainable product protection systems, Ranpak is poised to take advantage of global e-Commerce trends and increased awareness of the importance of sustainability. I am excited to join this talented team as Chief Executive Officer, as we continue to identify opportunities to grow Ranpak’s business. As CEO, I am committed to capitalizing on Ranpak’s incredible potential, pursuing high levels of sustainable, profitable growth, and thereby maximizing value for Ranpak’s shareholders. Lastly,” Mr. Asali continued, “I want to thank Mark for his leadership of Ranpak during such an important period for the Company and I wish him all the best in his future endeavors.”
Founded in 1972, Ranpak’s goal was to create the first environmentally responsible system to protect products during shipment. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak is headquartered in Concord Township, Ohio and has approximately 550 employees.
For more information: https://www.ranpak.com
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