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10-30-2015

Greif Announces CEO Transition

Peter Watson (figure: Greif)

Peter Watson (figure: Greif)

Greif, Inc, Delaware, OH/USA, a world leader in industrial packaging, announced that David Fischer will step down as President and Chief Executive Officer and as a member of the Board of Directors of the company effective October 31, 2015. The Board has elected Peter Watson to succeed him as President and Chief Executive Officer effective November 1, 2015, and Fischer will remain with the company through December 31, 2015 to assist with the transition process.

Watson has served as Chief Operating Officer of the company since January 2014. From September 2012 until December 2013, Watson was the Vice President and Group President, Paper Packaging & Services, Global Sourcing and Supply Chain and Greif Business System. Since he joined the company in 1999, Watson has served in a variety of positions, including Division President, Paper Packaging & Services, and President of CorrChoice (a division of the company). His prior experience includes various roles with Union Camp Corporation, prior to its acquisition by International Paper. Watson is a graduate of Springfield College in Massachusetts, with a Bachelor of Science in Education and a Master of Science in Education Administration.

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