Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 5, 2022, Jonathan D. Rich informed Pactiv Evergreen Inc. (the
"Company") of his intention not to stand for reelection to the Board of
Directors of the Company (the "Board") at the Company's 2022 annual meeting of
stockholders (the "Annual Meeting"), which is currently scheduled for June 13,
2022. Mr. Rich's decision not to stand for reelection was not due to any
disagreement with the Company, but rather relates to his wish to pursue other
professional opportunities, and he will continue to serve on the Board until the
expiration of his term at the Annual Meeting.
On April 8, 2022, the Board elected LeighAnne G. Baker Chairman of the Board,
effective immediately after the Annual Meeting, to fill the vacancy in that
position that will be created by Mr. Rich's departure.
"We thank Jon for his hard work and service to the Company and the Board as we
transitioned to being a public company, and we wish him all the best in his
future endeavors," said Michael J. King, President and Chief Executive Officer
of the Company.
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