ZURICH, Sept. 5, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced that its Board of Directors has appointed Peter Konieczny as Chief Executive Officer (CEO). Mr. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the Company's Annual Meeting of Shareholders which is expected to be held in November 2024.
Amcor Chairman, Mr. Graeme Liebelt, said, "Peter has demonstrated exceptional leadership in every role he has held during his career at Amcor, including as Interim CEO where he has led the Company through a period of strengthening financial performance and set the business up for further progress. The Board and I are confident Peter is the right person to lead Amcor, and we look forward to working with him to build on the strong foundation the Company has established over many years."
Mr. Konieczny said, "I am honored and grateful for the opportunity to lead Amcor as Chief Executive Officer. Amcor is an outstanding company with highly talented people, a strong sense of purpose, a proven culture of execution and most importantly, significant growth potential."
"The business finished fiscal 2024 well with strong earnings growth, giving us confidence that momentum in the underlying business will continue to build in fiscal 2025 and beyond. Together with our continued commitment to safety, customer success and disciplined capital allocation, I believe Amcor is very well positioned to deliver industry leading value for our customers, our shareholders and the environment."
About Peter Konieczny
Mr. Konieczny has been a member of the Amcor Global Management Team since 2010 and was appointed Interim Chief Executive Officer in April 2024. Between September 2020 and April 2024, Mr. Konieczny served as Chief Commercial Officer (CCO), where he oversaw global category and product management, Sustainability, R&D and Procurement while maintaining responsibility for the Amcor Flexibles Latin America business. He also served as President, Amcor Flexibles, Europe, Middle East & Africa and Latin America between 2019 and 2020, President, Amcor Flexibles Europe, Middle East & Africa between 2015 and 2019, and President, Amcor Specialty Cartons between 2010 and 2015. Prior to Amcor, he had five years of experience in the packaging industry as President of Silgan White Cap, a global organization specializing in metal and plastic closures for the food and beverage industries. He held business group Managing Director and Chief Finance Officer positions in the heavy industrial equipment industry and has been a management consultant with McKinsey & Company.
About Amcor
Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I YouTube
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified with words like "believe," "expect," "target," "project," "may," "could," "would," "approximately," "possible," "will," "should," "intend," "plan," "anticipate," "commit," "estimate," "potential," "ambitions," "outlook," or "continue," the negative of these words, other terms of similar meaning, or the use of future dates. Such statements are based on the current expectations of the management of Amcor and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither Amcor nor any of its respective directors, executive officers, or advisors provide any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Risks and uncertainties that could cause actual results to differ from expectations include, but are not limited to: changes in consumer demand patterns and customer requirements in numerous industries; the loss of key customers, a reduction in their production requirements or consolidation among key customers; significant competition in the industries and regions in which we operate; an inability to expand our current business effectively through either organic growth, including product innovation, investments or acquisitions; challenging global economic conditions, impacts of operating internationally; price fluctuations or shortages in the availability of raw materials, energy, and other inputs which could adversely affect our business; production, supply, and commercial risks, including counterparty credit risks, which may be exacerbated in times of economic volatility; pandemics, epidemics, or other disease outbreaks; an inability to attract, motivate and retain our skilled workforce and manage key transitions; labor disputes and an inability to renew collective bargaining agreements at acceptable terms; physical impact of climate change; cybersecurity risks, which could disrupt our operations or risk of loss of our sensitive business information; failures or disruptions in our information technology systems which could disrupt our operations, compromise customer, employee, supplier and other data; a significant increase in our indebtedness or a downgrade in our credit rating could reduce our operating flexibility and increase our borrowing costs and negatively affect our financial condition and results of operations; rising interest rates that increase our borrowing costs on our variable rate indebtedness and could have other negative impacts; foreign exchange rate risk; a significant write-down of goodwill and/or intangible assets; a failure to maintain an effective system of internal control over financial reporting; inability of our insurance policies, including our use of a captive insurance company, to provide adequate protection against all of the risks we face; an inability to defend our intellectual property rights or intellectual property infringement claims against us; litigation, including product liability claims or litigation related to Environmental, Social, and Governance ("ESG") matters or regulatory developments; increasing scrutiny and changing expectations from investors, customers, suppliers and governments with respect to our ESG practices and commitments resulting in additional costs or exposure to additional risks; changing ESG disclosure regulations including climate-related rules; changing environmental, health, and safety laws; changes in tax laws or changes in our geographic mix of earnings; and other risks and uncertainties identified from time to time in Amcor's filings with the U.S. Securities and Exchange Commission (the "SEC"), including without limitation, those described under Item 1A. "Risk Factors" of Amcor's annual report on Form 10-K for the fiscal year ended June 30, 2023 and any subsequent quarterly reports on Form 10-Q. You can obtain copies of Amcor's filings with the SEC for free at the SEC's website (www.sec.gov). Forward-looking statements included herein are made only as of the date hereof and Amcor assumes no obligation, and disclaims any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent, except as expressly required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Amcor appoints Peter Konieczny as Chief Executive Officer
HONG KONG, May 16, 2025 /PRNewswire/ -- GienTech successfully hosted the "2025 GienTech Intelligent Digital Transformation Conference" in Hong Kong yesterday.
Amid the accelerating digital transformation of the global financial industry, Hong Kong is seizing the opportunity and taking proactive, forward-looking steps to establish itself as an international innovation and technology hub. The conference, themed "Powering a Future of Digital Intelligence", brought together guests from government, financial institutions, and industry ecosystem to focus on topics such as the construction of new digital infrastructure in the financial sector and the application of innovative AI products.
The discussions delved into new opportunities for IT modernization and innovative development driven by intelligent digitalization, as well as new paradigms for the industry digital transformation. GienTech shared the achievements and benchmark cases of its industry digital infrastructure, "ORIGIEN", along with insights and products in the field of intelligentization.
A representative from The Bank of East Asia, Limited presented his vision on the future of IT modernization in Hong Kong's banking sector. HKSAR Legislative Council member Prof. Hon. William Wong Kam-fai, MH, and representatives from Hang Seng Bank and the Hong Kong Jockey Club, engaged in a panel discussion on "AI + IT Modernization: Drivers and Challenges of Industry Transformation". Hon. Duncan Chiu, HKSAR Legislative Council Member (Technology and Innovation Constituency), also attended the conference.
Amid the global trend of digital infrastructure transformation, "ORIGIEN" is safeguarding industry transitions
Currently, distributed technologies centered on cloud computing are driving the transformation of digital infrastructure worldwide. Feng Ming Gang, Executive Deputy General Manager of GienTech, said: "Notable for its large scale, diverse scenarios, and massive customer base, the financial industry in China has pioneered the transition to a distributed architecture in recent years, providing a sample for the intelligent development of the global financial industry. GienTech has engaged in the distributed architecture initiatives of several leading banks, accumulating extensive experience in major industry projects. We continue to explore and advance innovative applications of distributed technology, creating the new digital infrastructure "ORIGIEN." This framework offers a comprehensive product and service system based on "AI-driven + consulting-led + application reconstruction + foundational support," and has become a vital pillar for digital transformation in the financial sector. Additionally, GienTech actively fosters collaboration among industry, academia, research institutes and end-users, enhancing the open ecosystem to support the intelligent transformation of key sectors like financial industry in the Greater Bay Area, while leveraging China's digital transformation practices to serve global needs."
"ORIGIEN" untilizes next-generation technology architecture as a new digital infrastructure tailored for the financial sector and other key industries. It integrates hardware and software design to meet the requirements for financial-grade security and exceptional performance. Through extensive customization and flexible restructuring, it supports the stable, efficient, and rapid development of applications, facilitating a smooth transition for IT architecture modernization and digital transformation. Since its launch in 2022, "ORIGIEN" has been successfully implemented in over 300 major projects supporting IT architecture modernization and digital transformation across various industries. GienTech co-developed the "State-owned Enterprises Financial Infrastructure Innovation Platform" with China Resources Bank, integrating 35 innovative hardware and software products from 16 vendors to support the transformation of 17 financial transaction systems architectures, thereby providing robust support for building a more resilient national financial infrastructure. GienTech also facilitates the transformation of Sichuan Rural Commercial Union Bank's core banking system by enabling a complete migration from mainframe to a cloud-native distributed platform. This is accomplished through the design of a customized and secure technical architecture, formulation of development standards, implementation of procedural specifications, prototype validation of key scenarios, and subsequent development and implementation, establishing an industry benchmark for the transformation of trillion-asset-scale financial institutions.
New digital infrastructure evolves towards intelligentization, AI is driving application innovation in the financial sector
With breakthroughs in AI technology based on large language model, the new digital infrastructure is rapidly advancing towards intelligentization. In this context, GienTech is prioritizing the upgrade of AI-driven integrated infrastructure and the reconstruction of applications, while exploring the deep application of AI technologies within the industry. By providing comprehensive solutions, GienTech helps financial institutions thrive in the era of explosive applications of AI model — revamping "ORIGIEN" to fully integrate computational support and intelligent toolchains, advancing the industry's intelligent digital transformation into a new phase. GienTech also launched the ORIGIEN Financial Large Language Model and the Multimodal Intelligent Anti-Forgery Model, accelerating the adaptation and optimization of domestic computational capabilities in the financial sector, scaling production and management of AI capabilities. Concurrently, with "ORIGIEN" as its foundation, GienTech has established a comprehensive solution model of "large language models + intelligent platforms + applications + services", which is AI-driven and tailored for diverse scenarios. It offers integrated capabilities for AI model development, training, serving as a catalyst for enterprise digital transformation.
During the conference, GienTech showcased several core products and AI applications focus on intelligence. Notably, the ChatBI Intelligent Query Product, built on an advanced large language model, integrates models like DeepSeek and Qwen to provide powerful semantic understanding and SQL generation capabilities, helping users make decisions more efficiently. The Seer Intelligent Tagging and Profiling Platform enables financial institutions to extract value from customer data through four core intelligent functions: tag generation, individual profiling, customer segmentation, and reporting. The platform processes over 1 billion data entries daily, achieving a tag accuracy rate of 92%, which has resulted in a 45% increase in customer marketing conversion rates. Additionally, GienTech's Financial AI Agent Platform supports multi-model adaptation and local deployment, incorporating open-source models, high-performance RAG engines, agentic framework and a comprehensive industry knowledge base to assist customer in swiftly building and launching AI agents, significantly enhancing the efficiency of AI deployment and the level of business intelligence in banking systems.
This conference marks the second anniversary of GienTech's brand launch in Hong Kong. William Wong, Senior Vice President of GienTech, said: "With Hong Kong as our starting point, GienTech has been continuously promoting our products and solutions in the global market, successfully implementing several international benchmark projects, and contributing to fintech innovation and intelligent digital transformation in the Asia-Pacific region."
Rooted in China and with a global perspective, GienTech will continue to leverage technological innovation and explore international markets as global intelligent digital transformation advances further. Through promoting the Chinese solutions, GienTech remains committed to supporting the intelligent digital transformation and development of industries worldwide.
About GienTech
Founded in 1995, GienTech is an expert in intelligent digitalization strategies and software solutions, specializing in the financial and other key industries. GienTech has more than 40,000 employees across China and in overseas markets, serving over 800 financial institutions and more than 160 Fortune 500 companies. GienTech has ranked first in the IDC China banking IT solution market for seven consecutive years and has been selected in the global top 100 in the IDC Financial Insights FinTech ranking for nine consecutive years. Its strict quality and management principles have passed CMMIL5, ISO27001, ISO9001, ISO20000 and many other international certifications.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
"2025 GienTech Intelligent Digital Transformation Conference" Concludes Successfully in Hong Kong
