AKRON — Myers Industries Inc. has promoted Kevin Brackman to chief financial officer, succeeding Matteo Anversa, who is leaving the company to accept another opportunity.
Mr. Brackman, who has been Myers' chief accounting officer for the past year, also will take on the role of executive vice president, the company said.
Myers President and CEO Dave Banyard called Mr. Brackman an "invaluable member" of the Myers team and said he's demonstrated a "strong aptitude for operational leadership" during his time as interim general manager of Myers' Akro-Mils business.
"His leadership qualities and unique knowledge of our business, combined with his expertise in financial reporting and analysis, risk management and operational controls, make him a considerable asset to the future success of our organization."
Mr. Brackman joined Myers as vice president and corporate controller in 2015 and was promoted to chief accounting officer in 2017. The company said he has a track record of increasing profitability and cash flow, as well as improving internal control processes.
Mr. Brackman said he excited to begin working closely with the executive management team.
"We believe there are significant opportunities to continue to improve the long-term financial performance of the company," he said. "I am eager to get under way and further contribute to the execution of our enterprise strategy, which seeks to create compelling returns for our shareholders through profitable growth, a disciplined approach to capital allocation and strong, free cash flow generation."
A certified public accountant, Mr. Brackman began his career at Coopers & Lybrand in its audit group before moving to Chiquita Brands International, where he held various finance and operational roles for more than 10 years. Before joining Myers, he worked for six years at Ingersoll Rand, where he oversaw the technical accounting and financial reporting group and later the financial planning and analysis division.
Mr. Anversa was Myers' CFO for two years.
Myers is in the process of selling its headquarters in south Akron and making arrangemetns to lease back the space from the new owner.
Myers makes polymer products for industrial, agricultural, automotive, commercial and consumer markets. It's also a distributor of tools, equipment and supplies for the tire and wheel service industry.