Outgoing WestRock boss in line for €33.3m bonus following Smurfit Kappa merger

Smurfit Kappa and WestRock will merge into a singular, Irish-headquartered entity next year

New entity Smurfit WestRock will be headquartered in Ireland but will have its primary listing on the New York Stock Exchange, with a standard listing in London

David Sewell, the head of packaging group WestRock, could potentially receive as much as $36.9 million (€33.3 million) after the company’s merger with Smurfit Kappa is completed and he leaves the group, according to reports.

As reported by the Irish Times, Sewell could potentially receive a $9.34 million severance payment, $34.3 million of stock awards that would vest, as well as $2.56 million payable under a short-term incentive programme at WestRock when he departs from ...