In a recent 8K filing, Packaging Corp (NYSE:PKG) announced the upcoming retirement of its Senior Vice President, Finance, and Controller, Pamela A. Barnes.
Barnes, who also serves as the company's principal accounting officer, will step down from her role on April 1, 2024. Following her departure, Executive Vice President and Chief Financial Officer Robert P. Mundy will assume the additional responsibilities of principal accounting officer while continuing in his role as the principal financial officer.
The transition comes as part of the company's internal succession planning. Barnes's retirement and the subsequent appointment of Mundy were detailed in the filing with the Securities and Exchange Commission.
The company has not yet announced any further organizational changes or succession plans following Barnes's retirement.
Packaging Corp is a leader in the packaging and paper products industry, and such announcements are closely watched by investors for indications of stability and continuity in corporate governance and financial management.
The full effect of this executive change will unfold as Mundy takes over the role in the coming month.
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