Ardagh Holdings announces board reorganization, interim CFO appointment

USA – Ardagh Holdings, parent company of Ardagh Group, a major supplier of metal and glass packaging, has made several leadership changes following the completion of its recapitalization transaction earlier in 2025.

Galdino Claro and Richard Navarre have joined the board of directors. Mark Porto serves as executive chairman, with Jean-Pierre Floris and Herman Troskie also on the board. 

In connection with the recapitalization, Damien O’Brien and Paul Copley stepped down from their director roles.

The company appointed Todd Brents as interim group chief financial officer, effective January 1, 2026. 

Brents, a senior partner at Beckway who leads the finance practice there, brings over 25 years of experience in financial leadership and business transformation from roles at AlixPartners, Frito-Lay, and Arthur Andersen.

A search continues for a permanent replacement for current CFO John Sheehan, who retires on December 31, 2025.

Claro serves as an independent consultant and non-executive director with more than 40 years in the metals, mining, and recycling sectors. 

He held chief executive positions at companies including Sims Limited, Harsco Metals and Minerals, and Aleris America, and currently sits as an independent director at Natural Resource Partners.

Navarre formerly acted as chairman, CEO, and president of Covia Corporation. 

He now holds positions as lead independent director at Core Natural Resources, chair of the board at Civeo Corporation, and independent director at Natural Resource Partners.

Ardagh Group operates 58 production facilities in 16 countries, employing around 9,000 people. The company recorded sales of US$9.1 billion in 2024.

In related developments this year, Ardagh Group completed a major recapitalization to reduce debt and transfer equity ownership to noteholders while keeping its glass and metal packaging businesses unified. 

Herman Troskie, chair of Ardagh Group, described the move as a pivotal milestone in a company statement.

Additionally, Ardagh Metal Packaging achieved a 25% reduction in scope 3 emissions from its 2020 baseline, surpassing its target set for 2030, according to the group’s 2024 sustainability report. 

This progress came amid growth in the beverage can segment, even as glass operations faced market challenges.

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