Ardagh Group S.A. (Ardagh) announces that John Sheehan will step down as Group CFO at current year end, as signalled to the Board earlier this year. A process is under way to appoint a successor, and a further announcement will be made in due course.

Commenting, Mark Porto, Executive Chairman, Ardagh said: “We are extremely grateful to John for his commitment and diligence in delaying his planned departure until successful completion of the recapitalisation transaction earlier this month. John is very highly regarded within and beyond Ardagh and he departs with our warmest wishes and much appreciation for his significant contribution.”

Commenting, John Sheehan said: “I believe Ardagh is well-positioned for its next phase, with a recapitalised balance sheet, strong market positions and I wish my colleagues and the new owners of the business every success for the future.”