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SIG, the Swiss food packaging company, was supposed to be proving its turnaround was working. Instead, investors got a surprise CEO exit, no detailed explanation and a stock chart that looked like someone dropped the carton.
SIG Group shares suffered their biggest-ever intraday fall after the company replaced chief executive Mikko Keto less than six months after he took the job.
Keto, who joined in the spring, has been replaced with immediate effect by chief financial officer Ann-Kristin Erkens. She will also remain CFO until SIG appoints a successor.
The company said its transformation program, launched in the second half of last year, was starting to show results. In the first half of 2026, adjusted EBIT margin improved to 15.6% from 14.8% a year earlier, while free cash flow improved by more than €100 million year on year.
#year #show #chief
SIG, the Swiss food packaging company, was supposed to be proving its turnaround was working. Instead, investors got a surprise CEO exit, no detailed explanation and a stock chart that looked like someone dropped the carton.
SIG Group shares suffered their biggest-ever intraday fall after the company replaced chief executive Mikko Keto less than six months after he took the job.
Keto, who joined in the spring, has been replaced with immediate effect by chief financial officer Ann-Kristin Erkens. She will also remain CFO until SIG appoints a successor.
The company said its transformation program, launched in the second half of last year, was starting to show results. In the first half of 2026, adjusted EBIT margin improved to 15.6% from 14.8% a year earlier, while free cash flow improved by more than €100 million year on year.
#year #show #chief
1 month ago
