Sealed Air Announces Departure of Chief Financial Officer David Kelsey

Tod Christie Appointed As Interim Chief Financial Officer

ELMWOOD PARK, N.J.--(BUSINESS WIRE)-- Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) announced today that David H. Kelsey is leaving the Company on August 12^th to pursue an opportunity at a privately held company in the Midwest. Tod S. Christie, who has served as the Company’s Treasurer and a Corporate Officer since 1999, has been appointed to the additional role of Interim Chief Financial Officer, effective August 12, 2011. The Company has initiated a search to fill the CFO position on a permanent basis.

“We appreciate the contributions Dave has made to Sealed Air over the past ten years and wish him well in his future endeavors,” said William V. Hickey, President and Chief Executive Officer of Sealed Air. “I also want to thank Tod for assuming this new role. Tod is a valued member of the Sealed Air team, and I have great confidence in his ability to oversee the financial operations of the Company as we continue to execute our strategic plan.”

“I have truly enjoyed my time at Sealed Air and am grateful to have had the opportunity to work with so many talented individuals,” said David Kelsey. “I continue to believe that Sealed Air is well-positioned to achieve its strategic and financial goals. I now look forward to the opportunity to provide financial leadership for an exciting new venture.”

Tod S. Christie, 52, has been a member of Sealed Air'sFinance Department since 1984. He was appointed Assistant Treasurer in 1988 and Treasurer in 1999. Prior to Sealed Air, Mr. Christie worked at Arthur Andersen & Co.Mr. Christie holds a Bachelor of Science in Commerce from the University of Virginia, is a Certified Treasury Professional and an Associate in Risk Management.

Business

For over fifty years, Sealed Air has been a leading global innovator and manufacturer of a wide range of packaging and performance-based materials and equipment systems that serve an array of food, industrial, medical, and consumer applications. Operating in 52 countries, Sealed Air’s international reach generated revenue of approximately $4.5 billion in 2010. With widely recognized brands such as Bubble Wrap^® brand cushioning, Jiffy^® protective mailers, Instapak^® foam-in-place systems and Cryovac^® packaging technology, Sealed Air continues to identify new trends, foster new markets, and deliver innovative solutions to its customers. For more information about Sealed Air, please visit the Company’s web site at www.sealedair.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words as “anticipates,” “believes,” “plan,” “assumes,” “could,” “expects” and similar expressions. A variety of factors may cause actual events to differ materially from these expectations For more extensive information, see “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements,” which appear 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. These reports are available on the Securities and Exchange Commission’s web site at www.sec.gov or on our Investor Relations home page at http://ir.sealedair.com

Sealed Air CorporationAmanda Butler, 201-791-7600

Source: Sealed Air Corporation