At SIG, the boss has to go again. The changes at the top are a bad reflection on the board of directors of the Schaffhausen industrial group.
For the second time in just one year, the CEO is changing at SIG. The Board of Directors should have known better. Confidence in the manufacturer of beverage cartons has been shaken.
The CEO of SIG, Mikko Keto, has left the company just over a year after his predecessor, Samuel Sigrist, was ousted. Keto, who started in March, is being replaced by Ann-Kristin Erkens, the company's current CFO, who previously served as interim CEO. The sudden departure has led to a 16% drop in SIG's stock price, with analysts expressing surprise and concern about the company's leadership instability.
SIG's market value has more than halved in the past five years, partly due to two unsuccessful acquisitions and stagnant growth since 2024.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
