Reynolds Consumer Products Inc., (Nasdaq: REYN) today announced
the appointment of Scott E. Huckins as the company’s Chief
Financial Officer (CFO), effective November 13, 2023. He is the
successor to Michael Graham, who will then shift to an advisory
role until his retirement in February 2024. To ensure a successful
transition, Mr. Huckins will join the company in an advisory role
on October 23, then assume the role of CFO on November 13.
“We are excited for Scott to join us as CFO as we continue to
provide products that simplify daily life for consumers. He brings
extensive experience in leading Finance at consumer staples and
publicly traded companies - most recently as CFO at SunOpta, where
he demonstrated his expertise in P&L management. During this
time, he also served a dual role as general manager for the
turnaround of one of SunOpta’s business units, further exhibiting
his strength as a business leader. I look forward to working with
Scott, who will lead our financial team as we continue to focus on
growth and operational excellence,” said Lance Mitchell, Chief
Executive Officer.
Mr. Mitchell added, “We extend our sincere gratitude to Michael
Graham for his leadership over many years. From carefully managing
our resources, to developing a strong Finance team, to his role in
taking the company public, his contributions have truly made RCP
successful. We look forward to a smooth transition and wish Michael
all the best in his retirement.”
Mr. Huckins brings extensive experience to the company. He most
recently served as the CFO of SunOpta, Inc., since 2019, where he
was instrumental in contributing to substantial revenue and
earnings growth through significant operational focus and portfolio
prioritization. Serving in the additional role of general manager
for SunOpta’s fruit business unit, he helped to drive overall
success of the business from 2021 to 2022. He also led the 2020
sale of the global ingredients segment, SunOpta’s largest business
unit at the time.
Mr. Huckins previously served as CFO of Claire’s Stores, Inc.,
from 2016 to 2019, which included leading recapitalization and
business consolidation initiatives, followed by a change of
ownership.
Prior to Claire’s, Mr. Huckins was with Sears Holdings from 2012
to 2016, as vice president - treasurer, and president of Sears
Reinsurance Company, Ltd. In his previous role, he served at RSC
Holdings, Inc., as vice president of Treasury, Tax, and Investor
Relations. He also formerly served as principal at Pioneer
Advisors. He had several leadership roles at Koch Industries Inc.
and affiliated companies, including president & CEO of Koch
Financial Products, LLC, CFO of the Capital Markets Division,
treasurer at Koch Industries Inc., and CFO at KoSa B.V.
Mr. Huckins holds a Bachelor of Science in Finance from Arizona
State University and earned a Master of Management, with
concentrations in Finance and Management Strategy, from
Northwestern University, J.L. Kellogg Graduate School of
Management.
Mr. Huckins added, “I’m excited to be joining Reynolds Consumer
Products. Knowing the strength of the brands and products, I’m
looking forward to working with the team to drive further growth
and additional margin expansion.”
About Reynolds Consumer Products Inc.
Reynolds Consumer Products is a leading provider of household
products that simplify daily life so consumers can enjoy what
matters most. With a presence in 95% of households across the
United States, Reynolds Consumer Products manufactures and sells
products that people use in their homes across three broad
categories: cooking, waste and storage, and disposable tableware.
Iconic brands include Reynolds Wrap® aluminum foil and Hefty® trash
bags, as well as dedicated store brands which are strategically
important to retail customers. Overall, Reynolds Consumer Products
holds the No. 1 or No. 2 U.S. market share position in the majority
of product categories it serves. For more information, visit
https://investors.reynoldsconsumerproducts.com/.
Forward Looking Statements
This press release contains statements reflecting our views
about our future performance that constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. In some cases, you can identify these
statements by forward-looking words such as “may,” “might,” “will,”
“should,” “expects,” “intends,” “outlook,” “forecast”, “position”,
“committed,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” “model”, “assumes,” “confident,” “look forward,”
“potential” “on track”, or “continue,” the negative of these terms
and other comparable terminology. These forward-looking statements,
which are subject to risks, uncertainties and assumptions about us,
may include projections of our future financial performance, our
anticipated growth and recovery of profitability, management of
costs and other disruptions and other strategies, and anticipated
trends in our business, including expected levels of commodity
costs and volume. These statements are only predictions based on
our current expectations and projections about future events. There
are important factors that could cause our actual results, level of
activity, performance or achievements to differ materially from the
results, level of activity, performance or achievements expressed
or implied by the forward-looking statements, including but not
limited to the risk factors set forth in our most recent Annual
Report on Form 10-K and in our Quarterly Reports on Form 10-Q.
For additional information on these and other factors that could
cause our actual results to materially differ from those set forth
herein, please see our filings with the Securities and Exchange
Commission, including our most recent Annual Report on Form 10-K
and subsequent filings. Investors are cautioned not to place undue
reliance on any such forward-looking statements, which speak only
as of the date they are made. The Company undertakes no obligation
to update any forward-looking statement, whether as a result of new
information, future events or otherwise.
REYN-F
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version on businesswire.com: https://www.businesswire.com/news/home/20231012810631/en/
Investor Mark Swartzberg
Mark.Swartzberg@reynoldsbrands.com (847) 482-4081
Reynolds Consumer Products (NASDAQ:REYN)
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