Pact Group CEO and managing director Sanjay Dayal has advised the board that he intends to leave the company, with an executive search now under way for his successor.
There will be no immediate change to Pact Group’s leadership, with Dayal to remain as CEO and managing director until the new chief executive takes up the role.
Dayal joined Pact in April 2019 and has led the company through what it describes as a period of “significant transformation”, including the development and implementation of its strategy to lead the circular economy.
Under his leadership, Pact strengthened its position in sustainable packaging and reuse, established recycling and reuse joint ventures, and secured long-term partnerships with major customers.
“Leading Pact has been one of the great privileges of my career. Overseeing the company’s transformation and bringing the circular economy strategy to life have been extremely rewarding experiences,” Dayal said.
He thanked executive chair Raphael Geminder and the Pact board, as well as the company’s management team, customers and partners.
Geminder acknowledged Dayal’s contribution to the business during his more than seven years at the helm.
“On behalf of the board, I thank Sanjay for his friendship, leadership and commitment to Pact, our people and our customers,” he said.
“We respect his decision and will work with him to ensure an orderly transition. We wish him well for the next stage of his career.”
Pact has not disclosed a timeframe for appointing Dayal’s successor.
