AKRON—Myers Industries Inc. has named Kevin Brackman as its new chief financial officer, effective immediately.
Brackman, who until his promotion served as chief accounting officer for Myers, also will take on the role of executive vice president, according to a news release.
Brackman succeeds Matteo Anversa, who is leaving the company on good terms to accept another opportunity, the release said.
Dave Banyard Myers President and CEO said in the release that Brackman has been " an invaluable member" of the Myers team.
"He's also demonstrated a strong aptitude for operational leadership during his time as interim general manager of our Akro-Mils business," Banyard said. "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."
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.
In a statement, 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 underway 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, 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.
Myers made news in September when it announced it would move from Akron, where it had been headquartered for more than 85 years, to Cleveland's North Point Tower. Just weeks later, the company backpedaled, saying it had reconsidered the costs of moving and decided to stay in Akron. It moved to sell its current headquarters at 1293 South Main St. and 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.