Myers Industries Appoints Paul Johnson to Lead Distribution Segment
March 09 2021 - 8:00AM
Business Wire
Brings 30 Years of Leadership Experience in the
Automotive Industry
Myers Industries, Inc. (NYSE: MYE), a manufacturer of polymer
products and distributor for the tire, wheel and under-vehicle
service industry, today announced the appointment of Paul Johnson
as Myers’ Business Vice President, Distribution Segment. Johnson
will be responsible for leading Myers’ growing Distribution segment
and will assume the role on March 15, 2021.
“I am pleased to welcome Paul Johnson to Myers Industries. Paul
has over 30 years of experience in the auto and automotive
aftermarket industries. Paul’s deep understanding of the automotive
distribution market will be critical to the success of the
Distribution Segment,” said Mike McGaugh, President and Chief
Executive Officer of Myers Industries. “I also wish to thank Chris
DuPaul for his contributions to Myers and his leadership in
building a strong foundation for our Distribution segment. While
Chris is returning to his roots in the healthcare industry, we are
grateful for his success in driving annual revenue growth and
improved profitability within the segment.”
“I am honored to join Myers Industries at such a critical time
in the Company’s history,” said Johnson. “Myers’ mission to become
an industry leader that is keenly focused on driving organic growth
initiatives, as well as commercial and operational excellence,
provides an exciting opportunity to leverage my automotive
aftermarket experience to build on the success Chris and his team
established in 2020.”
Johnson brings significant sector-specific leadership and
experience to Myers across finance, operations, and sales roles.
Prior to joining Myers, Johnson was the President of International
Brake Industries, a private-equity portfolio company specializing
in brake-related components for the North American automotive
aftermarket. He also held several sales and leadership positions at
the NTN Corporation, Federal-Mogul Corporation, Boeing, as well as
19 years at General Motors. Johnson received his BS in Aeronautical
and Astronautical Engineering from Purdue University and his MBA
from the University of Michigan.
About Myers Industries
Myers Industries, Inc. is a manufacturer of polymer products for
industrial, agricultural, automotive, commercial, and consumer
markets. The Company is also the largest distributor of tools,
equipment and supplies for the tire, wheel and under-vehicle
service industry in the United States. Visit
www.myersindustries.com to learn more.
Caution on Forward-Looking
Statements
Statements in this release include “forward-looking” statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statement that is not of historical fact may be deemed
“forward-looking”. Words such as “will”, “expect”, “believe”,
“project”, “plan”, “anticipate”, “intend”, “objective”, “outlook”,
“target”, “goal”, “view” and similar expressions identify
forward-looking statements. These statements are based on
management's current views and assumptions of future events and
financial performance and involve a number of risks and
uncertainties, many outside of the Company's control that could
cause actual results to materially differ from those expressed or
implied. Risks and uncertainties include: impacts from the COVID-19
pandemic on our business, conditions, customers and capital
position; the impact of COVID-19 on local, national and global
economic conditions; the effects of various governmental responses
to the COVID-19 pandemic, raw material availability, increases in
raw material costs, or other production costs; risks associated
with our strategic growth initiatives or the failure to achieve the
anticipated benefits of such initiatives; unanticipated downturn in
business relationships with customers or their purchases;
competitive pressures on sales and pricing; changes in the markets
for the Company’s business segments; changes in trends and demands
in the markets in which the Company competes; operational problems
at our manufacturing facilities, or unexpected failures at those
facilities; future economic and financial conditions in the United
States and around the world; inability of the Company to meet
future capital requirements; claims, litigation and regulatory
actions against the Company; changes in laws and regulations
affecting the Company; impact of the U.S. elections impacts on the
regulatory landscape, capital markets, and responses to and
management of the COVID-19 pandemic including further economic
stimulus from the federal government; and other important factors
detailed previously and from time to time in the Company’s filings
with the Securities and Exchange Commission, including the
Company’s Annual Report on Form 10-K for the year ended December
31, 2019 and subsequent Quarterly Reports on Form 10-Q. Such
reports are available on the Securities and Exchange Commission's
public reference facilities and its website at www.sec.gov and on
the Company's Investor Relations section of its website at
www.myersindustries.com. Myers Industries undertakes no obligation
to publicly update or revise any forward-looking statements
contained herein. These statements speak only as of the date
made.
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version on businesswire.com: https://www.businesswire.com/news/home/20210309005257/en/
Monica Vinay, Vice President, Investor Relations &
Treasurer, (330) 761-6212
Myers Industries (NYSE:MYE)
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