Sealed Air Corp. fired Chief Financial Officer Bill Stiehl in relation to a yearlong investigation of the company by the Securities and Exchange Commission, the company said. Sealed Air switched auditors to Ernst & Young LLP in 2015, according to regulatory filings. On Thursday, a Sealed Air representative said the company is cooperating with the SEC investigation. Mr. Stiehl joined Sealed Air in 2013 as chief accounting officer and controller and was promoted to acting chief financial officer in 2017. Mr. Sullivan was most recently CFO of mining-equipment maker Joy Global Inc., where he worked with Sealed Air Chief Executive Ted Doheny.

Source: Wall Street Journal June 21, 2019 00:35 UTC