WestRock Management

Management criteria checks 3/4

WestRock's CEO is David Sewell, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is $12.62M, comprised of 10.3% salary and 89.7% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth $9.82M. The average tenure of the management team and the board of directors is 2.5 years and 9.3 years respectively.

Key information

David Sewell

Chief executive officer

US$12.6m

Total compensation

CEO salary percentage	10.3%
CEO tenure	3.2yrs
CEO ownership	0.08%
Management average tenure	2.5yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Sewell's remuneration changed compared to WestRock's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$305m
Dec 31 2023	n/a	n/a	-US$2b
Sep 30 2023	US$13m	US$1m	-US$2b
Jun 30 2023	n/a	n/a	-US$1b
Mar 31 2023	n/a	n/a	-US$1b
Dec 31 2022	n/a	n/a	US$808m
Sep 30 2022	US$12m	US$1m	US$945m
Jun 30 2022	n/a	n/a	US$924m
Mar 31 2022	n/a	n/a	US$796m
Dec 31 2021	n/a	n/a	US$868m
Sep 30 2021	US$22m	US$655k	US$838m

Compensation vs Market: David's total compensation ($USD12.62M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Sewell (54 yo)

3.2yrs

Tenure

US$12,615,612

Compensation

Mr. David B. Sewell has been the President, Chief Executive Officer and Director of WestRock Company since March 15, 2021. He served as President and Chief Operating Officer at The Sherwin-Williams Company...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Sewell	CEO, President & Director	3.2yrs	US$12.62m	0.080% $ 9.8m
Alexander Pease	Executive VP & CFO	2.5yrs	US$3.57m	0.050% $ 6.1m
Denise Rene Singleton	Executive VP	2.2yrs	US$2.86m	0.0046% $ 572.4k
Thomas Stigers	President of Mill Operations	7.7yrs	US$2.83m	0.050% $ 6.1m
Patrick Kivits	President of Corrugated Packaging	3.8yrs	US$2.87m	0.022% $ 2.7m
Julia McConnell	Senior VP & Chief Accounting Officer	3.9yrs	no data	0.014% $ 1.7m
Benny Patel	Chief Innovation and Science Officer	1.3yrs	no data	no data
Robert Quartaro	Vice President of Investor Relations	2.2yrs	no data	no data
Vicki Lostetter	Chief Human Resources Officer	6.3yrs	no data	0.037% $ 4.6m
Nina Butler	Chief Environmental Officer & Deputy General Counsel	1.3yrs	no data	no data
John O'Neal	President of Global Paper	no data	no data	0.026% $ 3.2m
Alpa Sutaria	Senior Vice President of Strategy & Sustainability	2.2yrs	no data	no data

2.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 0LW9's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Sewell	CEO, President & Director	3.2yrs	US$12.62m	0.080% $ 9.8m
Gracia Martore	Independent Director	9.3yrs	US$275.01k	0.00040% $ 49.2k
Russell Currey	Independent Director	9.3yrs	US$275.01k	0.082% $ 10.1m
Terrell Crews	Independent Director	9.3yrs	US$295.01k	0.018% $ 2.2m
Timothy Bernlohr	Independent Director	9.3yrs	US$295.01k	0.018% $ 2.2m
J. Brown	Independent Director	9.3yrs	US$275.01k	0.025% $ 3.1m
James Nevels	Independent Director	9.3yrs	US$292.51k	0.0065% $ 798.8k
Alan Wilson	Independent Non-Executive Chairman	9.3yrs	US$400.02k	0.00040% $ 49.2k
Suzan Harrison	Independent Director	4.3yrs	US$275.01k	0.0064% $ 782.8k
Dmitri Stockton	Independent Director	1.8yrs	US$275.01k	0% $ 0
Colleen Arnold	Independent Director	5.8yrs	US$292.51k	0.00047% $ 57.9k
E. Savage	Independent Director	2.3yrs	US$275.01k	0.0033% $ 401.3k

9.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 0LW9's board of directors are considered experienced (9.3 years average tenure).

WestRock Management

Management criteria checks 3/4

Key information

Recent management updates

WestRock Company, Annual General Meeting, Jan 26, 2024

WestRock Company, Annual General Meeting, Jan 27, 2023

Independent Director recently sold US$60k worth of stock

WestRock Company Announces Executive Changes

Alpa Sutaria Joins WestRock as Senior Vice President, Strategy and Sustainability

WestRock Announces Election of E. Jean Savage to Board of Directors

Recent updates

Second quarter 2024 earnings released: EPS: US$0.06 (vs US$7.85 loss in 2Q 2023)

WestRock Company Announces Quarterly Dividend, Payable on May 22, 2024

WestRock Company to Report Q2, 2024 Results on May 02, 2024

First quarter dividend of US$0.30 announced

First quarter 2024 earnings released: US$0.087 loss per share (vs US$0.18 profit in 1Q 2023)

WestRock Company Declares Quarterly Dividend, Payable on February 21, 2024

WestRock Company to Report Q1, 2024 Results on Feb 01, 2024

WestRock Company, Annual General Meeting, Jan 26, 2024

New major risk - Financial position

Full year 2023 earnings released: US$6.44 loss per share (vs US$3.64 profit in FY 2022)

Westrock Company Declares Quarterly Dividend, Payable on November 21, 2023

WestRock Company to Report Q4, 2023 Results on Nov 09, 2023

Sonoco Products Company (NYSE:SON) completed the acquisition of RTS Packaging, LLC and WestRock Company, Paper Mill in Chattanooga, Tennessee from WestRock Company (NYSE:WRK).

Smurfit Kappa in $20bn Merger Talks with WestRock

WestRock Company Announces Plans to Close Tacoma, Washington, Paper Mill

WestRock Company Declares Quarterly Dividend, Payable on August 24, 2023

WestRock Company to Report Q3, 2023 Results on Aug 03, 2023

Westrock Company Announces Impairment Charges for the Second Quarter of Fiscal 2023

WestRock Company Withdraws Earnings Guidance for the Fiscal Year 2023

WestRock Company Announces Quarterly Dividend, Payable on February 22, 2023

WestRock Company to Report Q1, 2023 Results on Feb 01, 2023

WestRock Company, Annual General Meeting, Jan 27, 2023

WestRock Company (NYSE:WRK) completed the acquisition of 67.7% stake in Gondi, S.A. de C.V.

Sonoco Products Company (NYSE:SON) has entered a definitive agreement to acquire RTS Packaging, LLC and WestRock Company, Paper Mill in Chattanooga, Tennessee from WestRock Company (NYSE:WRK) for $330 million.

Sonoco Products Company (NYSE:SON) has entered a definitive agreement to acquire RTS Packaging, LLC and WestRock Company, Paper Mill in Chattanooga, Tennessee from WestRock Company (NYSE:WRK) for $330 million.

WestRock Company Increases Quarterly Dividend, Payable on November 23, 2022

WestRock Company to Close Corrugated Medium Operations At St. Paul, Minnesota Facility

WestRock Company to Report Q4, 2022 Results on Nov 10, 2022

Investor sentiment deteriorated over the past week

WestRock Company Announces Introduction of CanCollar® X

Independent Director recently sold US$60k worth of stock

WestRock Company Announces Executive Changes

Third quarter 2022 earnings released: EPS: US$1.47 (vs US$0.94 in 3Q 2021)

Westrock Company Declares Quarterly Dividend on Its Common Stock, Payable on August 24, 2022

WestRock Company (NYSE:WRK) agreed to acquire remaining 67.7% stake in Gondi, S.A. de C.V. for $970million.

WestRock Company (NYSE:WRK) agreed to acquire remaining 67.7% stake in Gondi, S.A. de C.V. for $970million.

WestRock Company to Report Q3, 2022 Results on Aug 04, 2022

WestRock Announces Quarterly Dividend, Payable on May 24, 2022

WestRock Company to Close Panama City, Florida, Paper Mill

Alpa Sutaria Joins WestRock as Senior Vice President, Strategy and Sustainability

WestRock Company to Report Q2, 2022 Results on May 05, 2022

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

WestRock Announces Election of E. Jean Savage to Board of Directors

WestRock Company Announces Quarterly Dividend, Payable on February 23, 2022

Executive VP & CFO Ward Dickson has left the company

Independent Director recently sold US$151k worth of stock

Full year 2021 earnings released: EPS US$3.13 (vs US$2.67 loss in FY 2020)

Upcoming dividend of US$0.25 per share

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.69 in 3Q 2020)

WestRock Company Introduces Evergrow™ Fiber-Based Produce Packaging Collection

Upcoming dividend of US$0.24 per share

Second quarter 2021 earnings released: EPS US$0.42 (vs US$0.57 in 2Q 2020)

WestRock Company Declares Quarterly Dividend, Payable on May 28, 2021

Insider recently sold US$1.0m worth of stock

Interfor Corporation (TSX:IFP) completed the acquisition of South Carolina Sawmill from WestRock Company (NYSE:WRK).

Westrock Company Announces Executive Changes

Interfor Corporation (TSX:IFP) signed a definitive agreement to acquire South Carolina Sawmill from WestRock Company (NYSE:WRK) for $59 million.

First quarter 2021 earnings released

Revenue misses expectations

WestRock Company, Annual General Meeting, Jan 29, 2021

WestRock Company to Report Q1, 2021 Results on Jan 28, 2021

WestRock Company Provides Update on Earnings Guidance for the Full Year of 2021

Jim Porter to Retire from WestRock Company, Effective December 31, 2020

WestRock Company to Report Q4, 2020 Results on Nov 05, 2020

WestRock Company (NYSE:WRK) acquired Linkx Packaging Systems.

CEO Compensation Analysis

CEO

Tenure

Compensation