Hoffmann Neopac’s CEO to step down after 13 years, Borealis announces management change

SWITZERLAND – Hoffmann Neopac, a leading global provider of high-quality packaging for pharmaceuticals, beauty, and FMCG industries, has announced a change in leadership at the helm.

After 13 years of dedicated service, Mark Aegler, CEO of the Hoffmann Neopac Group, has decided to depart from the company.

His decision comes following certain differences of opinion with the Supervisory Board regarding the Group’s strategic direction. Aegler will continue to serve as CEO until the General Meeting in June 2024.

The Supervisory Board is actively leading the search for a suitable successor to uphold the company’s trajectory of success.

Aegler’s tenure has been marked by significant achievements, including steering the company towards renewed focus and driving its international expansion.

Dr. Christoph Lindenmeyer, Chairman of the Supervisory Board, expressed regret over Aegler’s departure, acknowledging his instrumental role in the company’s growth.

Lindenmeyer extended sincere thanks to Aegler for his dedication and wished him the best for his future endeavors.

Borealis CEO to step down by ‘mutual agreement’

In a parallel development, Borealis, a leading provider of innovative solutions in the plastics industry, has announced the departure of its CEO, Thomas Gangl, effective June 30. The decision was reached by mutual agreement, according to a statement by Borealis.

Gangl’s tenure saw challenges, notably a 94% drop in operating profit in 2023, attributed to industry-wide factors.

Despite these challenges, Gangl remained committed to advancing Borealis’ sustainability agenda, emphasizing the importance of circularity in the company’s strategy.

Under Gangl’s leadership, Borealis made significant strides in its sustainability journey, including the refinement of Strategy 2030 with sustainability at its core.

Key milestones included strategic acquisitions and divestitures aimed at accelerating the company’s transition to a circular economy.

Gangl, who began his career at OMV before joining Borealis, played a pivotal role in shaping the company’s direction towards sustainability and innovation.

Borealis expressed gratitude for Gangl’s contributions and announced plans to unveil details regarding his successor at a later stage.

The departure of Gangl follows the earlier resignation of Lucrèce Foufopoulos-De Ridder, Borealis’ circular economy executive vice president, in December 2023.

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