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March 18, 2020 01:15 PM

Myers Industries names Michael McGaugh president and CEO

Crain's Akron Business
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    AKRON — Myers Industries Inc. has hired Michael McGaugh to be its president and CEO, filling a post that's been filled by an interim for the past six months.

    Mr. McGaugh — most recently executive vice president and COO of BMC Stock Holdings Inc. — takes over the positions from Andrean Horton, who held the president and CEO roles on an interim basis. The change is effected April 6.

    Ms. Horton will return to her role as executive vice president, chief legal officer and secretary, Myers said. She assumed the posts on an interim basis after Myers CEO Dave Banyard resigned in October.

    "After conducting a comprehensive nationwide search that attracted many outstanding candidates, we believe we found the ideal leader for Myers," Myers Chairman F. Jack Liebau Jr. said.

    "Mike's deep experience and accomplishments will be a valuable asset to key stakeholders, including shareholders, customers, employees and the community, as he leads the team to generate profitable growth and improve the company's long-term value proposition."

    For his part, Mr. McGaugh said, "I'm truly excited by the many opportunities for growth that are evident within Myers Industries. I am joining the company at an incredibly opportunistic time as the Distribution Segment continues to successfully undergo a transformational shift.

    "In addition, the plans and investments in place for the Material Handling Segment are focused on further leveraging the business's competitive advantages and growing market share. I look forward to partnering with the leadership team to build on the many strengths of the organization and realize our full future growth potential."

    Prior to joining BMC, Mr. McGaugh spent nearly 25 years with Dow Chemical Co. in various senior leadership roles.

    In May 2019, Myers announced it would restructure its operations. The company provided few details beyond financial filings that said it planned to "realign its distribution segment commercial sales structure and expand the segment's e-commerce platform" and move or consolidate some manufacturing operations in Michigan and Indiana."

    More recently, Myers acquired the assets of Tuffy Manufacturing Industries Inc., a warehouse distributor of tire repair equipment and supplies, to help strengthen the Distribution Segment's position in the growing commercial auto and truck fleet market.

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