Crown Holdings Appoints Michael P. Doss to Board Amid Dividend Increase and Strategic Growth Plans

Crown Holdings Strengthens Leadership with New Board Appointment

Crown Holdings, Inc. enhances its board of directors by electing Michael P. Doss, effective March 3, 2026. His appointment raises the board's membership to ten, marking a strategic move for the company. Doss arrives with a wealth of experience in the packaging industry, having held pivotal roles throughout his 25-year tenure at Graphic Packaging Corporation, where he served as President, CEO, and Director until 2025. His comprehensive background encompasses various commercial, operational, and management positions, which positions him well to contribute valuable insights as Crown continues to navigate a rapidly evolving marketplace.

Timothy J. Donahue, Chairman and CEO of Crown Holdings, expresses optimism regarding Doss's experience, highlighting his deep understanding of manufacturing, international business, and corporate governance. Doss's recent role as a director at Regal Rexnord Corporation further enriches his qualifications, suggesting his capacity to leverage governance best practices in the packaging arena. This leadership addition underscores Crown's commitment to building a strong and diverse board capable of guiding the company's strategic vision as it continues to deliver quality packaging solutions to consumer marketing sectors worldwide.

Crown Holdings, headquartered in Tampa, Florida, operates as a leading global supplier of rigid packaging products, catering to diverse markets. The company focuses on offering innovative transit and protective packaging solutions, showcasing a dedication to quality and customer satisfaction. The appointment of Doss not only strengthens Crown’s governance but also reflects the company’s ongoing strategy to foster robust leadership as it adapts to industry challenges and seeks growth opportunities.

In a related development, Crown Holdings announces a substantial increase in its quarterly cash dividend, raising it to $0.35 per share for shareholders of record by March 17, 2026. This reflects a notable 35% boost from the previous dividend of $0.26, signaling strong earnings and cash flow generation. Donahue reiterates the company's commitment to returning capital to shareholders, underpinning confidence in Crown's financial stability and operational resilience.

Crown Holdings continues to demonstrate its intent to balance capital allocation strategically, aiming for a net leverage ratio of approximately 2.5x. As the company implements disciplined investments and share repurchase strategies alongside dividend growth, it signifies a robust pathway towards sustained long-term growth in the competitive packaging industry.