Sealed Air CEO to Retire at the End of 2017

Edward L. Doheny II will Assume the Role of CEO and President January
1, 2018

Doheny will Join Sealed Air as Director, COO and CEO-Designate on
September 18, 2017

CHARLOTTE, N.C.–(BUSINESS WIRE)–Sealed Air Corporation (NYSE:SEE) today announced that Jerome A.
Peribere, Chief Executive Officer and President, has advised the
Company’s Board of Directors of his intent to retire at the end of
December 2017. As part of this planned succession, the Board
simultaneously elected Edward (Ted) L. Doheny II Chief Operating Officer
and CEO-Designate, and elected him as a Director of the Company
effective as of September 18, 2017. As COO of the Company, Mr. Doheny
will have responsibility for the operating businesses and Supply Chain
network and will report to Mr. Peribere. In addition, Mr. Doheny will
work on transitioning with Mr. Peribere until December 31, 2017, and
will then assume the role of CEO and President, effective January 1,
2018.

William J. Marino, Chairman of the Board of Directors of Sealed Air,
said: “Under Jerome’s ‘Change the Game and Get Fit’ initiatives, Sealed
Air has both exceeded performance expectations and positioned itself
well for the future. He has led our transformation from a products-based
company to a knowledge-based company, created a more unified
organization through Sealed Air’s rebranding, dramatically improved
employee engagement, and inspired a culture obsessed with customer value
creation and a renewed commitment to sustainability. He also implemented
new financial disciplines – all of which have greatly improved our
quality of earnings and shareholder value.”

Mr. Marino continued; “Moving forward, we are extremely pleased that Ted
Doheny is joining the Company. He is an experienced and transformational
leader with a proven ability to drive profitable innovation-based growth
strategies. The Board is confident that Ted is the right person to lead
the next generation of growth and we look forward to his leadership.”

Mr. Doheny served as Chief Executive Officer of Joy Global until its
sale to Komatsu in May 2017. Before becoming Chief Executive Officer of
Joy Global in December 2013, he was an Executive Vice President at Joy
Global, as well as President and Chief Operating Officer of its
Underground Equipment division. Prior to joining Joy Global in May 2006,
Mr. Doheny spent 21-years with Ingersoll-Rand, where he held a variety
of senior executive positions with global responsibility, including
President of Air Solutions and President of Industrial Technologies.

About Sealed Air

Sealed Air Corporation is a knowledge-based company focused on packaging
solutions that help our customers achieve their sustainability goals in
the face of today’s biggest social and environmental challenges. Our
portfolio of widely recognized brands, including Cryovac®
brand food packaging solutions and Bubble Wrap® brand
cushioning, enable a safer and less wasteful food supply chain and
protect valuable goods shipped around the world. Sealed Air generated
$4.2 billion in sales in 2016 and has approximately 14,000 employees who
serve customers in 117 countries. To learn more, visit www.sealedair.com.

Website Information

We routinely post important information for investors on our website, www.sealedair.com,
in the "Investor Relations" section. We use this website as a means of
disclosing material, non-public information and for complying with our
disclosure obligations under Regulation FD. Accordingly, investors
should monitor the Investor Relations section of our website, in
addition to following our press releases, SEC filings, public conference
calls, presentations and webcasts. The information contained on, or that
may be accessed through, our website is not incorporated by reference
into, and is not a part of, this document.

Forward-Looking Statements

This press release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which are
outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on any
of these forward-looking statements. Forward-looking statements can be
identified by such words as “anticipates,” “believes,” “plan,”
“assumes,” “could,” “should,” “estimates,” “expects,” “intends,”
“potential,” “seek,” “predict,” “may,” “will” and similar references to
future periods. All statements other than statements of historical facts
included in this press release regarding our strategies, prospects,
financial condition, operations, costs, plans and objectives are
forward-looking statements. Examples of forward-looking statements
include, among others, statements we make regarding expected future
operating results, expectations regarding the results of restructuring
and other programs, anticipated levels of capital expenditures and
expectations of the effect on our financial condition of claims,
litigation, environmental costs, contingent liabilities and governmental
and regulatory investigations and proceedings. The following are
important factors that we believe could cause actual results to differ
materially from those in our forward looking statements: the tax
benefits associated with the Settlement agreement (as defined in our
2016 Annual Report on Form 10-K), global economic and political
conditions, changes in our credit ratings, changes in raw material
pricing and availability, changes in energy costs, competitive
conditions, the success of our restructuring activities, currency
translation and devaluation effects, the success of our financial
growth, profitability, cash generation and manufacturing strategies and
our cost reduction and productivity efforts, the success of new product
offerings, the effects of animal and food-related health issues,
pandemics, consumer preferences, environmental matters, regulatory
actions and legal matters, and the other information referenced in the
“Risk Factors” section appearing in our most recent Annual Report on
Form 10-K, as filed with the Securities and Exchange Commission, and as
revised and updated by our Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Any forward-looking statement made by us is based
only on information currently available to us and speaks only as of the
date on which it is made. We undertake no obligation to publicly update
any forward looking statement, whether written or oral, that may be made
from time to time, whether as a result of new information, future
developments or otherwise.

Contacts

For Sealed Air Corporation
Investors:
Lori Chaitman,
704-503-8841
or
Media:
Ken Aurichio, 917-693-5417