Mar. 5 at 6:50 PM
$GPK $PRMW Rietbroek is a brand-new, externally hired CEO. He was hired after driving PRMB to the ground and getting fired.
$PRMB hit an all-time closing high of
$35.14 in April 2025, and then sank to a 52-week low of
$14.36 — so from peak to trough that's a 60% wipeout on his watch. He botched the merger integration of BlueTriton and brought about an "operational collapse", per several class action law firms. That's a serious credibility problem.
Interestingly, PRMB just posted Q4 2025 net sales up 11.2% to
$1.6B and adjusted EBITDA up 45.5%. The new boss Eric Foss and his team are showing better results almost immediately after Rietbroek left.
So the GPK board essentially hired a CEO who:
- Oversaw a ~60% stock collapse at his prior company
- Was forced out, not a voluntary departure
- Left amid active securities litigation
- Was replaced by someone who promptly turned the numbers around.
