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Posted 14 February, 2024

ACCO BRANDS Corp appointed new CEO

CEO Change detected for ticker NYSE:ACCO in a 8-K filed on 14 February, 2024.


  On August 8, 2023, ACCO Brands Corporation (the "Company") announced that Boris Elisman, then Chairman and Chief Executive Officer of the Company, would resign as the Company's Chief Executive Officer effective October 1, 2023.  

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Overview of ACCO BRANDS Corp
Consumer Goods • Nondurable Household Products
ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products, and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The ACCO Brands North America segment includes the U.S. and Canada operations, wherein it manufactures, sources, and sells traditional office products, school supplies, and calendar products. The ACCO Brands EMEA segment deals with the design, sourcing, and distribution of storage and organization products, stapling, punching, laminating, binding and shredding, do-it-yourself tools, and computer accessories in Europe, the Middle East, and Africa. The ACCO Brands International segments refers to the operations from the rest of the world, primarily Australia/New Zealand, Latin America, and Asia-Pacific The company was founded by Fred J. Kline in 1903 and is headquartered in Lake Zurich, IL.
Market Cap
$518M
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ACCO BRANDS Corp by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On August 8, 2023, ACCO Brands Corporation (the "Company") announced that Boris Elisman, then Chairman and Chief Executive Officer of the Company, would resign as the Company's Chief Executive Officer effective October 1, 2023. At that time, Mr. Elisman agreed to continue as Executive Chairman of the Company's Board of Directors (the "Board") to ensure a smooth transition, but announced his intention not to stand for re-election to the Board at the Company's 2024 Annual Meeting of Stockholders ("2024 Annual Meeting"). On February 9, 2024, Mr. Elisman notified the Board of his intention to fully retire and resign as a Director and Executive Chairman of the Board effective March 31, 2024. Mr. Elisman's intention to retire and resign from the Board does not reflect any dispute or disagreement with the Company.


In light of Mr. Elisman's retirement, the Board, having previously determined that it is in the best interest of the Corporation and its stockholders to separate the roles of Chairman and Chief Executive Officer, and upon the recommendation of the Nominating, Governance and Sustainability Committee of the Board, has appointed Mr. E. Mark Rajkowski to serve as independent Chairman of the Board effective April 1, 2024.


Mr. Thomas Kroeger, the Company's Lead Independent Director, will step down from this role effective April 1, 2024 and will continue to serve as a Director until the 2024 Annual Meeting. Mr. Kroeger will not stand for re-election to the Board at the Annual Meeting since he has reached mandatory retirement age under the Company's Corporate Governance Principles.