Consumer >> CEO Interviews >> November 28, 2000

Richard Wambold – Pactiv Corporation (ptv)

RICHARD L. WAMBOLD is Chairman and Chief Executive Officer of Pactiv Corporation, a leading provider of advanced packaging solutions to customers around the world. Mr. Wambold was appointed CEO in November 1999, when Pactiv became an independent company following its spin-off from Tenneco Inc. In March 2000, Mr. Wambold was elected to the additional post of Chairman of the Board. Mr. Wambold brings a solid record of success to his position, including the acquisition and integration of new businesses, product innovation and earnings growth. Prior to becoming CEO, Mr. Wambold served as President of Tenneco Packaging since June 1999, was responsible for the company's $3 billion in revenues and managed the company's spin-off from Tenneco Inc. Before being named President, he was Executive Vice President and General Manager of the Specialty Packaging and Consumer Products business groups. Under his direction, this business grew from $550 million in sales in 1994 to $2 billion in 1998. Before joining Tenneco Packaging in 1994, Mr. Wambold was Executive Vice President of Case Corporation's construction equipment and worldwide parts business, which was previously part of Tenneco. Mr. Wambold joined Tenneco in 1977 and held numerous positions within the organization, including Vice President of Corporate Planning and Development. Mr. Wambold earned a Bachelor's degree in Government and a Master's degree in Business Administration from the University of Texas at Austin. Profile
TWST: Could you begin by giving us an overview of Pactiv Corporation?

Then describe what you see as your business and company today.

Mr. Wambold: Pactiv is a $3 billion revenue specialty