BNET Industries

Pactiv Corp.

(PTV) is in the Manufacturing Industry

Market Cap:$3.1B
Last Fiscal Year Sales:$3.2B
  • Public
  • US
Dow Jones Description

Our primary business involves the manufacture and sale of consumer and specialty packaging products for the consumer and foodservice/food packaging markets. We operate 46 manufacturing facilities in 5 countries.

Chief Executive Officer
Richard L. Wambold
Number of Employees 12,000
Contact Information

1900 W Field Ct

Lake Forest, Illinois 60045-4828

pactiv.com

(847) 482-2000

NAICS Code Coated Paper Bag and Pouch Manufacturing: 322223

Recent Events

  • SAP ITS Mobile helps manufacturer improve quality of RF warehouse transactions

    11/09/09 - Merger / Acquisition - View Story

  • Stocks Modestly Lower Following Disappointing Housing Data - U.S. Commentary

    10/20/09 - Bond / Stock Rating - View Story

  • Pactiv Corp. Unwrapped

    10/13/09 - Bond / Stock Rating - View Story

  • Pactiv Posts 3rd Quarter Profit

    10/22/09 - Financial Announcement - View Story

  • Goldman Sachs Upgrades Pactiv PTV to Buy

    10/06/09 - Bond / Stock Rating - View Story

  • Pactiv Q2 Profit Rises; Guides Q3, Lifts FY09 Forecast - Update

    7/21/09 - Bond / Stock Rating - View Story

  • Zacks Return On Equity Strategy highlights: Alliant Techsystems Inc., BCE, Inc., Aaron's, Inc., Pactiv Corp.

    6/25/09 - Financial Announcement - View Story

News & Analysis

manufacturing and pactiv corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard L. Wambold Chief Executive Officer
Henry Wells Chief Hr Officer & Vice President
Peter J. Lazaredes Executive Vice President
John N. Schwab Senior Vice President
James V. Faulkner Jr. General Counsel, Vice President & Secretary
Joseph E. Doyl General Counsel, Secretary & Vice President
Joseph E. Doyle Secretary & Vice President
Peter J. Lazardes Executive Vice President and General Manager of Pactiv's Foodservice
Jaquelyne Huerta Director of Tax
Michael Perea Regional Business Manager
George Staphos Analyst
Dane Brooksher Director
K. Dane Brooksher Director
Mary R. Henderson Director

Board of Directors

Name (plus bio) Position
Andrew A. Campbell Board of Directors
Larry D. Brady Board of Directors
N. Thomas Linebarger Board of Directors
Norman H. Wesley Board Member
Robert J. Darnall Board of Directors
Roger B. Porter Board of Directors

Richard L. Wambold is chairman and chief executive officer of Pactiv Corporation. Pactiv was spun off from Tenneco, Inc. in November 1999. Prior to becoming CEO, Wambold was president of Tenneco Packaging since mid-1999 and managed the spin-off. Formerly, Wambold was executive vice president and general manager of Tenneco Packaging's Specialty Packaging and Consumer Products business groups. Under his direction, those business groups grew from $550 million in sales in 1994 to $2 billion in 1998. Before joining Tenneco Packaging, Wambold was executive vice president of Case Corporation's construction equipment and worldwide parts business that was previously part of Tenneco. Wambold joined Tenneco in 1977 and has held numerous positions with the organization, including vice president of corporate planning and development. He earned a Bachelor of Arts degree in government and a Masters of Business Administration from the University of Texas at Austin. Wambold serves on the board of Cooper Tire & Rubber Company. He is a member of The Business Roundtable and The Commercial Club of Chicago.

Organization Position Status
Pactiv Corporation Chairman of The Board of Directors, President, and Chief Executive Officer Current
Cooper Tire & Rubber Company Board of Directors Current
Commercial Club of Chicago Board of Directors Current
Tenneco, Inc. Executive Vice President of Case Corporation's Construction Equipment and Worldwide Parts Business Former
Case, LLC executive vice president Former
Pactiv Corporation Board of Directors Former
The University of Texas at Austin Masters of Business Administration Former
The University of Texas M.B.A. Former
The University of Texas B.A. In Government Former
The University of Texas at Austin Bachelor of Arts Degree In Government Former

Organization Position Status
Pactiv Corporation Chief Hr Officer & Vice President Current

Organization Position Status
Pactiv Corporation Executive Vice President Current
Pactiv Corporation General Manager Foodservice, Food Packaging Current

Organization Position Status
Pactiv Corporation Senior Vice President Current
Pactiv Corporation General Manager, Hefty Consumer Products Current
Tenneco, Inc. Vice President Former
Pillsbury NA Former
Kellogg Company NA Former
General Mills, Inc. NA Former
Interstate Bakeries Corporation NA Former
Pactiv Corporation Gm, North American Protective Packaging Former

Organization Position Status
Pactiv Corporation General Counsel, Vice President & Secretary Current
Pactiv International Holdings Inc. Secretary Current
Union Pacific Corporation senior vice president of USPCI Former
Tenneco, Inc. vice president Former
Pactiv International Holdings Inc. Secretary Former
Pactiv Corporation Board of Directors Former

Organization Position Status
Pactiv Corporation General Counsel, Secretary & Vice President Current

Joseph E. Doyle is vice president, general counsel and secretary of Pactiv Corporation. Prior to joining Pactiv, Doyle was a partner in the Corporate and Securities Practice at Mayer, Brown, Rowe & Maw LLP from 2001 to early 2007. Doyle's prior experience includes positions at Jenner & Block, Fitzpatrick Law Offices and Sonnenschein Nath & Rosenthal.

Organization Position Status
Pactiv Corporation Secretary & Vice President Current

Peter J. Lazardes is executive vice president and general manager of Pactiv's Foodservice/ Food Packaging Business. Lazaredes joined Tenneco Packaging in conjunction with its 1996 acquisition of Amoco Foam Products.

Organization Position Status
Pactiv Corporation Executive Vice President and General Manager of Pactiv's Foodservice Current

Jacquelyn Huerta joined the HHDC board of directors in 2005. She is the director of tax for Pactiv (NYSE:PTV), a leader in the consumer and foodservice/food packaging market, where she oversees global tax planning and compliance. Prior to joining Pactiv, Ms. Huerta held various management positions in Big 4 public accounting firms including Arthur Andersen, Deloitte, and PricewaterhouseCoopers. She specializes in international, state, and federal taxation. While employed with Deloitte, she was appointed to Deloitte's Chicago Tax National Diversity Advisory Committee to build professional infrastructure that recognizes the benefits of a diverse work force. Ms. Huerta is a member of the Society of C.P.A.s (ILCPA), the Association of Latino Professionals in Finance and Accounting (ALPFA), and founder of Hispanic Network (HNET). She holds a master's degree in taxation from De Paul University and is a certified public accountant licensed in Illinois.

Organization Position Status
Pactiv Corporation Director of Tax Current
Hispanic Housing Development Corporation Board of Directors Current
DePaul University Master's Degree In Taxation Former

Michael has a background in operations, sales management, and marketing management. He serves as a regional business manager for Pactiv Corporation. Michael has worked as a brand strategist and marketing analyst in the nonprofit sector. Michael holds an MBA from the University of Notre Dame and a BS in Marketing from San Diego State University.

Organization Position Status
Pactiv Corporation Regional Business Manager Current
One Brick Board of Directors Current
San Diego State University BS In Marketing Former

Organization Position Status
Pactiv Corporation Analyst Current
Banc of America Securities LLC Team Member Current

Organization Position Status
Pactiv Corporation Board of Directors Current
Foamex International Inc. Board of Directors Current
Foamex International Inc. Chief Financial Officer Former
Pactiv Corporation Chief Financial Officer Former
Safety-Kleen Chief Financial Officer Former
Pactiv Corporation Senior Vice President Former
Safety-Kleen Senior Vice President, Finance Former
Foamex International Inc. Acting Vice President, Finance Former

Organization Position Status
ProLogis chairman Current
Pactiv Corporation Director Current
Nantucket Parent, LLC Director Current
Cass Information Systems, Inc. Director Current
ProLogis chief executive officer Former
ProLogis chief operating officer Former
Butler Manufacturing Company Director Former
Qwest Communications International Inc. Director Former
College of William & Mary Bachelor of Arts Former
Presidents Council member Former

Organization Position Status
ProLogis Chief Executive Officer Current
Qwest Corporation Chairman and Chief Executive Officer, Prologis Current
Pactiv Corporation Chairman, Audit Committee Current
ProLogis Chair of Board Current
Cass Information Systems, Inc. Chairman of the Board of Prologis Current
Butler Manufacturing Company Board Director Current
Northwestern University Advisory Board Current
St. Anthony's Medical Center Board of Directors Current
Cass Information Systems, Inc. Board of Directors Current
Sponsors Inc. Director Current
Pactiv Corporation Director Current
Qwest Communications International Inc. Board Director Current
ProLogis Chief Operating Officer Former
ProLogis Trustee Former
Sponsors Inc. Chairman of the Board Former
ProLogis Board of Directors Former

(Director since 2004) Former Chairman of the Board and Chief Executive Officer of Intermec, Inc. (industrial technologies) from 2001 to 2007 and as Chief Executive Officer from 2000 to 2007. He served as President from 1999 to 2001 and as Chief Operating Officer from 1999 to 2000. Mr. Brady served as President of FMC Corporation from 1993 to 1999; Vice President from 1984 to 1989; Executive Vice President from 1989 to 1999 and was a director from 1989 to 1999. Mr. Brady is a director of Pactiv Corporation and a member of the Advisory Board of Northwestern University's Kellogg School of Management.

Organization Position Status
Baker Hughes Incorporated Board Director Current
Washington Round Table Board Member Current
Pactiv Corporation Board of Directors Current
Baker Hughes Incorporated Finance Committee Member Current
Intermec, Inc. Chief Executive Officer Former
Intermec, Inc. President Former
Intermec, Inc. Chief Operating Officer Former
TRW, Inc. Senior Management Positions Former
Intermec, Inc. Chairman Former
Intermec, Inc. Director Former
Harvard Business School MBA Degree Former

Mary R. (Nina) Henderson is a consultant to the consumer goods industry. Previously, Ms. Henderson was a Corporate Vice President of Bestfoods, where she held various executive positions including President of Bestfoods Grocery. Ms. Henderson is also a director of AXA Financial, Inc., and Del Monte Foods Company, and a trustee of Drexel University. Ms. Henderson is 58 years old, has been a director of the Company since 2000, and is a member of the Audit Committee.

Organization Position Status
Pactiv Corporation Consultant Current
Del Monte Foods Co. Board of Directors Current
Pactiv Corporation Director Current
Best Foods Corporate Vice President, Global Core Business Development Former
The Shell Transport & Trading Co. Ltd. Director Former

Organization Position Status
Pactiv Corporation President and Chief Operating Officer, Cummins Inc. Current
Cummins, Inc. President and Chief Operating Officer Current
Pactiv Corporation Board of Directors Current
Cummins, Inc. President, Power Generation Former
Cummins Power Generation President Former
Cummins, Inc. Cfo Former
Cummins Power Generation Cfo Former
Cummins, Inc. Executive Vice President Former
Cummins Power Generation Vice President Former
Holset Engineering Company, Ltd. Managing Director Former

Organization Position Status
Moen Incorporated Vice President Current
Glenwood School Chairman Current
Fortune Brands, Inc. Chairman Current
Pactiv Corporation Board Member Current
ACCO Brands, Inc. Board Member Current
Fortune Brands, Inc. CEO, Home & Hardware Former
Fortune Brands, Inc. President Former
Fortune Brands, Inc. Chief Operating Officer Former
Glenwood School Trustee Former
R.R. Donnelley & Sons Co. Board of Directors Former
Fortune Brands, Inc. Director Former
University of Utah M.B.A Former

Organization Position Status
Sunoco, Inc. Board of Directors Current
United States Steel Corporation Board of Directors Current
Pactiv Corporation Board of Directors Current
Cummins, Inc. Board of Directors Current
Prime Advantage Corporation Chief Executive Officer Former
Prime Advantage Corporation Chairman Former

Organization Position Status
Packaging Corporation of America Director of Pca Current
Select A Unit Size Lead Independent Director Current
Tenneco Automotive, Inc. Senior Scholar Current
National Life Insurance Co Current
Federal Deposit Insurance Corporation Current
Extra Space Storage Inc. Board of Directors Current
Pactiv Corporation Board of Directors Current
National Life Insurance Company Director Current
Tenneco, Inc. Director Current
Select A Unit Size Director Current
Zions Bancorporation Board of Directors Current
White House Historical Association Board of Directors Current
Tenneco Automotive, Inc. Board of Directors Current
Gerald R. Ford Foundation Board of Directors Current
Packaging Corporation of America Board of Directors Current
Gerald R. Ford Foundation Trustee Current
NYNEX chief executive officer Former
Woodrow Wilson International Center for Scholars Senior Scholar Former
Harvard University IBM Professor of Business and Government Former
Harvard University PhD in Former
Harvard University Master of Dunster House Former
Brigham Young University BA degree Former
University of Oxford B.Phil. degree Former
Brigham Young University BA degree Former
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     PTV $23.89 +0.18 (0.76% )
Average Volume 1,929,500
Shares Outstanding 132.32M
Market Cap 3.2B
Year High 27.71
Year Low 10.62
Earnings Per Share 2.48
P/E Ratio 9.63
Dividend N/A
Yield N/A
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