The head of Chesapeake's European business has been made redundant under a restructuring announced by the packaging group today (18 July).Neil Rylance has left the company along with its European finance director, Richard Scully, as part of the cost-cutting measures.
Chesapeake has restructured into three divisions: pharmaceutical and healthcare packaging, headed by Michael Cheetham; branded products packaging, led by Timothy Whitfield; and plastic packaging, under the control of Vincent Hockett.
All three will report directly to chief executive Andrew Kohut.
Bob Houghton, marketing manager at Field Group, Chesapeake's UK arm, said the restructuring would make the company more agile and responsive.
More redundancies are expected among staff based at Chesapeake's head offices in Amersham, Richmond in the US, and Hong Kong.
"Chesapeake has a relatively small number of head office-based functions, so this action is only expected to affect a small number of roles," said Houghton.
Chesapeake has 47 locations in Europe, North America, Africa and Asia, including 18 in the UK. It employs around 5,500 people worldwide.
Source: packagingnews
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