Ardagh Group S.A. announced a decision by Paul Coulson to step down as Chairman of Ardagh Group 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. 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 $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 $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.

Paul Coulson (71) graduated from Trinity College Dublin in 1973 and spent five years with Price Waterhouse in London and Dublin, before establishing his own accounting firm. In 1980, he set up Yeoman International and developed it into a significant leasing and structured finance business. In 1998 he became Chairman of Ardagh and initiated the transformation of the business from a small, single plant glass operation into a leading global packaging company.

Over the last 40 years he has been involved in the creation and development of a number of other businesses, including Fanad Fisheries, a leading Irish salmon farming company, and Sterile Technologies which, prior to its sale in 2006, had been developed into the leading medical waste management company in the United Kingdom and Ireland. Herman Troskie (53) is currently the CEO of Corporate, Legal and Tax Advisory at Stonehage Fleming, an international family office. He has extensive experience in the areas of international corporate structuring, cross-border financing and capital markets, with a particular interest in integrated structuring for entrepreneurs and their businesses.

He has been a director of Ardagh Group since 2009 and is intimately familiar with the growth and development of the Group over many years. Mr. Troskie is also a director of companies within the Yeoman group of companies, and other private and public companies. He qualified as a South African Attorney in 1997, and as a Solicitor of the Senior Courts of England and Wales in 2001.