Shares in Amcor Limited (ASX:AMC) have fallen to the benchmark’s worst performer after announcing its CEO’s departure and appointing a new boss.
The consumer packaging manufacturer says Ken MacKenzie has decided to retire from the role and will leave the company after a decade at the helm.
Amcor has appointed current Chief Financial Officer Ron Delia as the group’s new CEO who will take the reins when Mr MacKenzie leaves at the end of the 2015 financial year.
Mr Delia joined Amcor in 2005 and has been working in the position of CFO since 2011.
Amcor reported a net profit of $596.3 million in the 2014 financial year.
