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Packaging Corporation of America (PKG)

NYSE - Nasdaq Real-time price. Currency in USD
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195.59+2.31 (+1.20%)
As of 01:32PM EDT. Market open.

Packaging Corporation of America

1 North Field Court
Lake Forest, IL 60045
United States
847 482 3000
https://www.packagingcorp.com

Sector(s)Consumer Cyclical
IndustryPackaging & Containers
Full-time employees14,900

Key executives

NameTitlePayExercisedYear born
Mr. Mark W. KowlzanChairman of the Board & CEO4.73MN/A1956
Mr. Robert P. MundyPrincipal Accounting Officer, EVP & CFO2.32MN/A1962
Mr. Thomas A. Hassfurther PCAExecutive Vice President of Corrugated Products3.45MN/A1956
Mr. Charles J. CarterExecutive Vice President of Mill Operations2.03MN/A1960
Mr. Donald Ray ShirleySenior VP of Corporate Engineering & Process Technology1.42MN/A1972
Mr. Bruce A. RidleySenior VP of Environmental Health, Safety & Operational ServicesN/AN/A1956
Mr. Kent A. PfledererSenior VP, General Counsel & Corporate Secretary1.16MN/A1971
Prafulla D'SouzaVice President of Marketing & Communications Corrugated ProductsN/AN/AN/A
Mr. Jeffrey S. KaserSenior Vice President of Corrugated ProductsN/AN/A1967
Ms. Darla J. OlivierSenior VP of Tax, ESG & Government AffairsN/AN/A1971
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. The Corporate and Other segment includes corporate support staff services and related assets and liabilities; and transportation assets, such as rail cars and trucks for transportation. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.

Corporate governance

Packaging Corporation of America’s ISS governance QualityScore as of 1 July 2024 is 6. The pillar scores are Audit: 9; Board: 9; Shareholder rights: 4; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.