NYSE-listed Myers Industries has named Andrean Horton, the company’s executive vice president, chief legal officer (CLO) and secretary, as interim president and CEO.
The move follows the resignation of Dave Banyard as president and CEO, effective October 25, to ‘accept another professional opportunity,’ the company says in a statement. According to Myers, the board will hire a global executive search firm to assist in identifying a new full-time holder of the position. It could not be determined immediately where Banyard is moving to.
Jack Liebau, chair of the board, says in a statement: ‘On behalf of the board of directors, we would like to thank Dave for his leadership and contributions to Myers. We wish him well in his future endeavors. The company will remain focused on executing its strategic initiatives, including the transformation underway in the distribution segment.’
Horton joined the company as executive vice president, CLO and secretary in October 2018. She had previously spent eight years at A Schulman in legal positions including executive vice president, CLO and secretary. Her previous work includes serving as vice president for legal and regulatory compliance at YRC Worldwide and as general counsel and corporate secretary at The Bartech Group.
Banyard was named president and CEO of Myers in December 2015. He had previously been group president for fluid-handling technologies at Roper Technologies.
Myers manufactures polymer products for industrial, agricultural, automotive, commercial and consumer markets. It also bills itself as the largest distributor of tools, equipment and supplies for the tire, wheel and under-vehicle service industry in the US.
Ben Maiden
Ben Maiden is the editor-at-large of Governance Intelligence, an IR Media publication, having joined the company in December 2016. He is based in New York. Ben was previously managing editor of Compliance Reporter, covering regulatory and compliance...
