AKRON—Myers Industries has named Michael McGaugh as the Akron company's president and chief executive officer, effective April 6.
McGaugh succeeds Andrean Horton, who is serving as Myers' interim president and CEO. Horton will return to her role as executive vice president, chief legal officer and secretary, according to a news release.
Horton stepped in on an interim basis after Myers CEO Dave Banyard resigned in October.
McGaugh most recently served for two years as executive vice president and chief operating officer of BMC Stock Holdings Inc., a building materials provider in Atlanta. Prior to that, he spent nearly 25 years with Dow Chemical Co. in various senior leadership roles, including as vice president and general manager for Dow Building Solutions and global director of strategic marketing, the release said.
"After conducting a comprehensive nationwide search that attracted many outstanding candidates, we believe we found the ideal leader for Myers," F. Jack Liebau Jr., chairman of Myers' board of directors, said in a statement. "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."
McGaugh said in the release, "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."
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.
In fall 2018, the company announced it was moving its headquarters from Akron to Cleveland, but later reversed that decision.