Ardagh Holdings Announces Board Changes and Interim CFO Appointment
Luxembourg, December 15, 2025 — Ardagh Holdings S.A. has announced significant governance updates, underscoring its ongoing strategy to strengthen leadership and oversight as it navigates a dynamic global packaging market. The company disclosed that two experienced executives, Galdino Claro and Richard Navarre, will join the Board of Ardagh Holdings S.A. in addition to continuing with existing directors and leadership figures.
The newly named directors join an established board led by Executive Chairman Mark Porto, along with non-executive members Jean-Pierre Floris and Herman Troskie. The board refresh aligns with Ardagh’s commitment to expanding governance depth to support strategic growth initiatives, optimize performance, and enhance shareholder value. Both Claro and Navarre bring extensive financial and strategic experience that the company says will complement ongoing efforts to optimize the group’s portfolio and execution capabilities.
In connection with these board changes, Ardagh also announced the appointment of an interim Group Chief Financial Officer (CFO). The interim CFO appointment reflects the company’s focus on ensuring robust financial leadership during a transition period while continuing to execute on its strategic roadmap. The identity of the interim CFO was not disclosed in the public release, with the company indicating that more details would be shared through the appropriate regulatory channels as they become available. This move is intended to maintain fiscal discipline, strengthen capital management, and ensure alignment with Ardagh’s long-term objectives.
“Today’s governance updates demonstrate Ardagh’s ongoing commitment to strong leadership and disciplined execution across our global operations,” said Mark Porto, Executive Chairman. “Galdino Claro and Richard Navarre bring complementary expertise in financial stewardship and strategic development, which will help accelerate our initiatives in portfolio optimization, cost control, and value creation for shareholders.”
Claro’s bio highlights a track record in financial leadership roles across diversified manufacturing and consumer sectors, with a focus on balance sheet discipline and strategic capital allocation. Navarre is known for his experience in corporate finance, risk management, and strategic planning, with a history of guiding organizations through periods of transformation. Their addition to the board is expected to augment governance with rigorous oversight, enhanced strategic dialogue, and a sharper lens on risk-adjusted performance.
The interim CFO appointment is part of a broader pattern observed in corporate governance where leadership continuity is emphasized during transitional phases. Ardagh’s leadership stressed that the interim role will provide steadiness and focus on executing the company’s fiscal plan, while a broader search for a permanent CFO remains underway. By maintaining robust financial controls, transparent reporting, and proactive liquidity management, Ardagh seeks to preserve investor confidence and support sustainable growth in its packaging and consumer goods segments.
Analysts have noted that Ardagh’s governance refresh comes at a time when the packaging industry faces mixed demand cycles, supply chain pressures, and evolving consumer preferences. The company’s strategy is anchored in balanced capital allocation, ongoing optimization of manufacturing assets, and a focus on higher-margin product lines. Board changes are expected to enhance governance oversight of these strategic priorities, reinforcing accountability and strategic alignment across Ardagh’s global footprint.
As Ardagh continues to execute its long-term plan, stakeholders will be watching how Claro and Navarre contribute to board-level discussions on capital structure, performance metrics, and strategic investments. The interim CFO’s leadership will be critical in maintaining financial agility, ensuring accurate financial reporting, and guiding the company through regulatory and market developments with prudence and transparency.
Ardagh Holdings S.A. operates in the global packaging market, delivering sustainable, differentiated solutions to customers worldwide. The board changes and appointment of an interim Group CFO reflect the company’s commitment to governance excellence and strategic execution in a competitive environment.
What this means for shareholders and stakeholders
- Strengthened governance with new board members bringing diverse financial and strategic perspectives.
- Continuity in financial leadership through an interim CFO during leadership transition.
- Clear focus on strategic initiatives, risk management, and value creation for investors.
Ardagh will provide additional updates through regulatory filings and its normal communications channels as more information becomes available.
