By Maitane Sardon
Shares in SIG Group rose after the Swiss packaging manufacturer named Miko Ketto as new chief executive officer.
Ketto, who joins from engineering company FLSmidth, is expected to start during the first half of 2026, SIG Group said.
The executive has a proven turnaround track record and capital markets experience that align well with SIG's strategic ambitions, Vontobel analyst Manuel Lang said in a research note.
SIG shares were up 11% at 9.02 Swiss francs in morning trading. FLSmidth shares were down almost 5% at 408.00 Danish kroner after the news.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 17, 2025 03:47 ET (08:47 GMT)
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