Myers Industries Appoints Grant E. Fitz as Chief Financial Officer
April 03 2023 - 3:15PM
Business Wire
Brings More Than 30 Years of Significant
Financial and Operational Experience
Myers Industries, Inc. (NYSE: MYE), today announced the
appointment of Grant E. Fitz to the position of Executive Vice
President and Chief Financial Officer (CFO), effective May 8, 2023.
As CFO, Mr. Fitz will lead Myers’ entire finance organization and
financial activities including accounting and controllership,
financial planning and analysis, tax, investor relations, and
treasury.
“Grant’s proven track record as a leader who can drive
profitable growth and execute transformational strategies made him
a natural choice to serve as Myers’ Chief Financial Officer,” said
Mike McGaugh, Myers Industries’ President and CEO. “Grant will be a
strong partner as we continue to execute our 3-Horizon strategy and
I am delighted to welcome him to Myers Industries.”
McGaugh continued, “I would also like to thank Monica Vinay for
her leadership over the past 9 months as Interim-CFO. Monica has
done a wonderful job leading the finance organization and has been
an excellent thought partner to me during this time. I’m grateful
to Monica for her can-do attitude, her straight-forward style, her
hard work, and her great work ethic.”
Mr. Fitz remarked, “I am excited to join Myers at this pivotal
time in the Company’s transformation. Mike and his team have done a
tremendous job of driving top-line growth, expanding margins, and
successfully integrating acquisitions across both segments of the
business. Myers has a clear path toward greater operational and
financial excellence, and I am excited to join the Company on its
journey to become a world class organization.”
Mr. Fitz brings over 30 years of financial, executive, and
operational expertise to the role. Most recently he served as the
Chief Financial Officer of EFI, a global technology company focused
on the transition from analog to digital imaging. His prior
positions include Chief Financial Officer of Valassis, Corporate
Vice President and Chief Financial Officer of Xerox Technology
Business, and Chief Financial Officer of Nexteer Automotive. Mr.
Fitz also worked at General Motors in various financial and
operational roles including Chief Risk Officer, Chief Financial
Officer of GM Powertrain Europe, and Global Finance Director of the
Mini, Compact, and Small Vehicle Programs. Mr. Fitz holds a
Bachelor of Science in Industrial and Operations Engineering from
the University of Michigan, and a Master of Science in Management,
with a Finance concentration from the Krannert Graduate School of
Management at Purdue University.
About Myers Industries
Myers Industries, Inc. is a leading manufacturer of a wide range
of polymer and metal products for industrial, agricultural,
automotive, commercial and consumer markets. The Company is also
the largest distributor of tools, equipment and supplies for the
tire, wheel, and under-vehicle service industry in the U.S. Visit
www.myersindustries.com to learn more.
Caution on Forward-Looking
Statements
Statements in this release include “forward-looking” statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statement that is not of historical fact may be deemed
“forward-looking”. Words such as “will”, “expect”, “believe”,
“project”, “plan”, “anticipate”, “intend”, “objective”, “outlook”,
“target”, “goal”, “view” and similar expressions identify
forward-looking statements. These statements are based on
management's current views and assumptions of future events and
financial performance and involve a number of risks and
uncertainties, many outside of the Company's control that could
cause actual results to materially differ from those expressed or
implied. Risks and uncertainties include: residual impacts from the
COVID-19 pandemic on our business, conditions, customers and
capital position; the impact of the current inflationary
environment on local, national and global economic conditions; raw
material availability, increases in raw material costs, or other
production costs and impacts of other price increases, risks
associated with our strategic growth initiatives or the failure to
achieve the anticipated benefits of such initiatives; unanticipated
downturn in business relationships with customers or their
purchases; competitive pressures on sales and pricing; changes in
the markets for the Company’s business segments; changes in trends
and demands in the markets in which the Company competes;
operational problems at our manufacturing facilities, or unexpected
failures at those facilities; future economic and financial
conditions in the United States and around the world; inability of
the Company to meet future capital requirements; claims, litigation
and regulatory actions against the Company; changes in laws and
regulations affecting the Company; and other important factors
detailed previously and from time to time in the Company’s filings
with the Securities and Exchange Commission, including the
Company’s Annual Report on Form 10-K for the year ended December
31, 2021 and subsequent Quarterly Reports on Form 10-Q. Such
reports are available on the Securities and Exchange Commission's
public reference facilities and its website at www.sec.gov and on
the Company's Investor Relations section of its website at
www.myersindustries.com. Myers Industries undertakes no obligation
to publicly update or revise any forward-looking statements
contained herein. These statements speak only as of the date
made.
M-GU
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version on businesswire.com: https://www.businesswire.com/news/home/20230403005767/en/
Monica Vinay Interim CFO and Vice President, Investor Relations
& Treasurer (330) 761-6212
Myers Industries (NYSE:MYE)
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