Ardagh Group S.A. (“Ardagh Group”) has announced a decision by Paul Coulson to step down as Chairman of Ardagh Group and of its 76 percent-owned subsidiary Ardagh Metal Packaging S.A. (“Ardagh Metal Packaging”), on November 15, 2023.
Mr. Coulson will be succeeded by Herman Troskie who currently serves as a director of Ardagh Group, Ardagh Metal Packaging and ARD Holdings S.A. (“ARD Holdings”), the ultimate parent of Ardagh Group. This transition is the culmination of a succession process that, in recent years, has seen the appointments of Oliver Graham as CEO of Ardagh Metal Packaging, and Michael Dick as CEO of Ardagh Glass Packaging.
Mr. Coulson (71) has been Chairman of Ardagh Group since 1998, leading its development from a single-plant glass operation in Dublin with annual revenue of approximately USD 50 million, to a global player in sustainable glass and metal packaging, operating across Europe, the Americas and Africa, with annualised revenues of more than USD 9 billion. Mr. Coulson will remain a Director of Ardagh Group, Ardagh Metal Packaging and ARD Holdings, and will remain the controlling shareholder of ARD Holdings.
Herman Troskie (53), a director of Ardagh Group, Ardagh Metal Packaging and ARD Holdings, will succeed Paul Coulson as Chairman of all three companies and will join Ardagh on a full-time basis in November. Based in Luxembourg, Mr. Troskie will step down from his current role as CEO of Corporate, Legal and Tax Advisory at Stonehage Fleming, an international family office. He has been a director of Ardagh Group since 2009 and has been closely involved with the growth and development of the Group since then.