01—Abstract
Summary
Summary of the 8-K filed January 16, 2025. Cited figures are marked; the original filing is the authoritative source.
Smurfit Westrock plc (SW) filed this Form 8-K under Item 8.01 (Other Events) on January 16, 2025, to disclose a leadership change in its Latin America business.
Jairo Lorenzatto, President and Chief Executive Officer, LATAM, notified the company on January 14, 2025, that he will step down from his role on January 31, 2025, for personal reasons. Alvaro Henao will succeed him as head of LATAM effective February 1, 2025. Henao currently serves as Senior Vice President of Integration, a role he has held since 2024.
The filing states he spent 36 years in various positions of increasing responsibility at Smurfit Kappa Group plc, most recently serving as Chief Executive Officer, Central Cluster, from 2013 to 2023. The footnote notes that Smurfit Kappa Group plc combined with WestRock Company on July 5, 2024, to create Smurfit Westrock plc.
Lorenzatto will remain in a non-executive advisory role through March 1, 2025, to support the leadership transition. The filing contains no financial results or other quantitative information.
02—Key points
Key Highlights
- Jairo Lorenzatto, President and CEO, LATAM, will step down effective January 31, 2025, citing personal reasons.
- Alvaro Henao, currently Senior Vice President of Integration, will succeed him as LATAM leader effective February 1, 2025.
- Henao previously spent 36 years at Smurfit Kappa Group plc and was its CEO, Central Cluster, from 2013 to 2023.
- Lorenzatto will serve in a non-executive advisory role through March 1, 2025, to assist the transition.
- The notice was made under Item 8.01 (Other Events) and includes no financial statements or results.
- The filing is signed by Ken Bowles, Executive Vice President and Chief Financial Officer.
03—Questions
Frequently Asked Questions
Who is leaving the company and when?
Jairo Lorenzatto, President and Chief Executive Officer, LATAM, will step down from his role on January 31, 2025, for personal reasons. He notified the company on January 14, 2025.
Who is replacing him?
Alvaro Henao will succeed Lorenzatto effective February 1, 2025. He currently serves as Senior Vice President of Integration, a role he has held since 2024.
What is the background of the incoming leader?
Henao spent 36 years in positions of increasing responsibility at Smurfit Kappa Group plc. Between 2013 and 2023, he served as Chief Executive Officer, Central Cluster, at that company.
Will the outgoing executive have any continuing role?
Yes. Lorenzatto will remain in a non-executive advisory role with the company through March 1, 2025, to help with the leadership transition.
Does this filing report financial results?
No. The filing is a leadership-change disclosure under Item 8.01 and contains no financial statements or quantitative results beyond the dates and tenure mentioned.
04—Continue