AKRON (Jan. 25, 2006) —Gregory J. Stodnick, vice president of finance and chief financial officer for Myers Industries Inc., will retire April 25 after 26 years with the firm.
As a result, Donald A. Merril has joined the company as vice president of business development and will transition to Mr. Stodnick's position, the Akron-based company said. Mr. Merril previously was with Newell Rubbermaid Inc.—Rubbermaid Home Products Division, where he has served as vice president and CFO since 2003.
“Greg has played a key role in our growth activities, including major acquisitions and strategic changes in our diversified manufacturing and distribution businesses,” said Myers President and CEO John C. Orr. “I know we will all continue to benefit from the fiscal conservatism and the strong sense of integrity that he has helped to establish as core company values.”
Mr. Stodnick, 63, joined Myers in 1980 as vice president of finance and CFO. In announcing his retirement he said he believes Myers “is headed in the right direction for long-term growth, and I hope that my contributions will serve as a platform from which the company will achieve even stronger performance. I look forward to working with my colleagues to achieve a seamless transition.”
Mr. Merril, 41, joined Newell Rubbermaid in 2001. Prior to that, he had served as CFO of Newell Rubbermaid-Little Tikes. He also was vice president, finance and administration-consumer lawns for the Scotts Miracle-Gro Co., and prior to that, its director of strategic planning-North America.
He also has held corporate and operating finance, accounting, and auditing positions with Eaton Corp.
Myers, an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets, also is a wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry. The company reported record net sales of $803.1 million in 2004.