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Saturday, July 11, 2009, 5:45PM ET - U.S. Markets Closed. Dow Down 0.45% Nasdaq Up 0.20%
Pactiv Corp. (PTV)On Jul 10: 20.62  Up 0.27 (1.33%)  
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Pactiv Corp.
1900 West Field Court
Lake Forest, IL 60045
United States - Map
Phone: 847-482-2000
Fax: 847-482-4738
Web Site: http://www.pactiv.com

DETAILS 
Index Membership:S&P 500
S&P 1500 Super Comp
Sector:Consumer Goods
Industry:Packaging & Containers
Full Time Employees:12,000

BUSINESS SUMMARY 
Pactiv Corporation engages in the manufacture and sale of consumer and foodservice/food packaging products in the United States and internationally. The company operates in two segments, Consumer Products and Foodservice/Food Packaging. The Consumer Products segment manufactures disposable plastic, foam, molded fiber, pressed paperboard, and aluminum packaging products, such as waste bags, food-storage bags, and disposable tableware and cookware. It sells its products under various brand names, including Hefty, Baggies, Kordite, Hefty Ultra Flex, Hefty Hearty Meals, Hefty Cinch Sak, Hefty Elegantware, Hefty The Gripper, Hefty Zoo Pals, Hefty OneZip, Hefty Kitchen Fresh, Hefty Easy Grip, and Hefty EZ Foil. The Foodservice/Food Packaging segment manufactures foam, clear plastic, aluminum, pressed-paperboard, and molded fiber packaging products. Its customers include foodservice distributors, restaurants, and other institutional foodservice outlets, as well as food processors and grocery chains. Pactiv Corporation sells its products through a direct sales force, and a network of brokers and manufacturersÂ’ representatives. It was formerly known as Tenneco Packaging, Inc. and changed its name to Pactiv Corporation in November 1999. The company was founded in 1965 and is headquartered in Lake Forest, Illinois. Pactiv Corporation operates independently of Tenneco Inc. as of November 4, 1999.
Key Statistics

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    CORPORATE GOVERNANCE 
    Pactiv Corp.'s Corporate Governance Quotient (CGQ®) as of 1-Jul-09 is better than 62.8% of S&P 500 companies and 93.5% of Materials companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Richard L. Wambold , 57
    Chairman, Chief Exec. Officer and Pres
    $ 2.10M $ 5.25M
    Mr. Edward T. Walters , 57
    Chief Financial Officer and Sr. VP
    $ 495.00K $ 0
    Mr. Peter H. Lazaredes , 58
    Exec. VP and Gen. Mang. of Foodservice & Packaging
    $ 878.00K $ 0
    Mr. John N. Schwab , 59
    Sr. VP and Gen. Mang. of Hefty Consumer Products
    $ 528.00K $ 0
    Mr. Joseph E. Doyle , 49
    VP, Sec. and Gen. Counsel
    $ 536.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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