David W. Scheible served as the CEO of Graphic Packaging Holding Company from January 2007 until January 2018. During his tenure, he played a significant role in the company's growth and transformation within the packaging industry. Notably, under his leadership,...
David W. Scheible served as the CEO of Graphic Packaging Holding Company from January 2007 until January 2018. During his tenure, he played a significant role in the company's growth and transformation within the packaging industry. Notably, under his leadership, the company achieved notable financial success, emanating from a solid business strategy that focused on performance metrics like Adjusted EBITDA. This approach resulted in impressive compensation packages; for instance, in 2016, Scheible received a retention bonus totaling $4 million and amassed $3.3 million in vested stock options which reflected the company's performance goals being met. Interestingly, prior to becoming CEO, he was the Chief Operating Officer, which gave him intimate knowledge of the company's operations and challenges. Although he had no reported bonus or compensation during his last two years at the company, his previous years show a commitment to aligning executive pay with company performance. Additionally, he demonstrated confidence in the company's future, engaging in substantial insider trading of his shares, peaking at around $18 million in 2021. Scheible's leadership left a lasting impact on the company, contributing to both its strategic direction and operational excellence.