Business News
Miles Roberts of DS Smith Named European CEO of the Year
Wednesday 07. February 2018 - Since Miles Roberts appointment as Group Chief Executive of DS Smith, the Company has grown organically and via a number of acquisitions, including SCA Packaging, Duropack, Grupo Lantero and Interstate Resources. It is now present in 37 countries, employing around 27,000 people, and was elevated into the FTSE 100 in December 2017.
RISI will present the 2018 European CEO of the Year Award at the European Conference, March 6 in Barcelona.
RISIs European CEO of the Year Award is nominated by a group of investment analysts, industry consultants and commentators covering the European and global pulp and paper industry.
Reasons cited by nominators of Roberts to win the award included: “Miles Roberts has been able to navigate the volatile OCC and containerboard situation without missing a beat, in terms of growing earnings and cash flows. Despite the full price paid, it seems as if the Interstate Resources deal is going well. Since this transaction was announced last June, earnings and cash flow estimates for DS Smith have increased, and the companys share price has rallied more than 15% to £5.11 at the 19th January close from £4.40 at the time of the Interstate deal announcement. By gaining exposure to kraftliner, DS Smith mitigates its substantial net short position at a time when global supplies of kraftliner are tightening. Furthermore, DS Smith continues to capture margin by providing creative service/product enhancements to its myriad customers”.
Miles Roberts was appointed Group Chief Executive of DS Smith on May 4, 2010. At DS Smith, he has implemented a clear strategy to become a leading provider of corrugated packaging in Europe.