Pact Group CEO Sanjay Dayal to step down after seven years

Pact Group CEO and managing director Sanjay Dayal has told the board he intends to leave the Australian packaging company, triggering an executive search for his successor. Dayal, who joined in April 2019, will stay in post until a replacement is named; no timeframe for the appointment has been disclosed.

Why this mattersThe departure of the executive who led Pact's circular-economy and reuse strategy creates transition risk for the company's sustainability positioning and customer partnerships.

• Sanjay Dayal has advised Pact Group's board of his intention to step down as CEO and managing director
• Dayal joined Pact in April 2019, over seven years in the role
• An executive search for his successor is under way, with no disclosed timeframe
• Dayal will remain CEO until a new chief executive takes up the role
• Under Dayal, Pact established recycling and reuse joint ventures and long-term customer partnerships
• Executive chair Raphael Geminder thanked Dayal for his leadership and committed to an orderly transition

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