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AI brief of an SEC Form 8-K · Reynolds Consumer Products (REYN)

Reynolds Consumer Products names Scott Huckins CEO as Lance Mitchell retires

Mixed Impact 4 of 5 leadership Written later

Reynolds Consumer Products reported third-quarter 2024 net revenues of $910 million, down from $935 million a year earlier, while net income rose to $86 million from $78 million. The company also announced that Lance Mitchell will step down as President and CEO effective January 1, 2025, with Chief Financial Officer Scott Huckins succeeding him, and Nathan Lowe becoming CFO, which changes the company's leadership for shareholders.

Key points

  • Q3 2024 net revenues were $910 million vs. $935 million in Q3 2023; net income was $86 million vs. $78 million; EPS was $0.41 vs. $0.37.
  • Full-year 2024 net revenue guidance narrowed to $3,620 million to $3,660 million from $3,590 million to $3,670 million; net income guidance narrowed to $348 million to $356 million from $346 million to $358 million.
  • Mitchell leaves the CEO role and Board effective January 1, 2025, and retires July 31, 2025; Huckins becomes CEO and a director on January 1, 2025.
  • Huckins' initial annual base salary is $1,000,000; Nathan D. Lowe is appointed Vice President, CFO and Treasurer effective January 1, 2025.

The filing

CompanyReynolds Consumer Products (REYN)
Form8-K, current report
Filed with the SECOct 30, 2024, 7:08 AM ET
Accession number0001193125-24-246994

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.