This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

David B. Fischer To Succeed Michael J. Gasser As Greif, Inc. Chief Executive Officer

Stocks in this article: GEF

DELAWARE, Ohio, April 18, 2011 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B) President David B. Fischer, 48, will add the title of CEO at the start of the company's 2012 fiscal year, Nov. 1, 2011. Current Chairman and CEO Michael J. Gasser, 59, will continue in his role as executive chairman.

"I've worked closely with Dave for a number of years, and am pleased that Greif will be in such capable hands day-to-day," said Gasser. "After this transition, I will be able to focus more intently on corporate strategy and on ensuring that the culture of The Greif Way is embedded deeply in all our operations.  And as executive chairman of the Board, I will continue to be actively involved in the company, albeit at a higher level.

"With the executive team already in place, and the superb talent working up through the ranks, I remain wholly optimistic about Greif's future and its continued growth."

Gasser has been chairman and CEO since June 1994. He joined Greif in 1979 as internal auditor at the company's headquarters in Delaware, Ohio.  He became controller in 1981, a member of the finance committee in 1987, vice president of finance in 1988, a member of the board of directors in 1991, vice chairman and chief operating officer in 1994 and chairman and CEO later that year.

In 1994, Greif was an industrial packaging company with operations in the US and Canada, with $526 million in sales and 4,500 employees. Under Gasser's leadership, Greif has grown to become a multi-national company with operations in 56 countries, 2010 sales of $3.5 billion and 16,000 employees.

Gasser serves on the board of directors of Bob Evans Farms and of the James Foundation, the development board for The James Cancer Center at The Ohio State University Comprehensive Cancer Center.

Fischer was named president and chief operating officer of Greif in October 2007. He joined Greif as senior vice president and divisional president, Industrial Packaging & Services – Americas in November 2004, and later assumed responsibility for additional IP&S operations in Asia, Australia and Africa.

About Greif, Inc.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs