Myers Industries Chief Legal Officer to Become Interim CEO
It is not clear if chief legal officer Andrean Horton will stay in her role in addition to being interim CEO.
October 04, 2019 at 04:08 PM
3 minute read
Photo: Zhukov Oleg/Shutterstock.com
The CEO of the Akron, Ohio-based plastics maker Myers Industries Inc. announced this week that he will be leaving the company at the end of October and the board announced the company's top lawyer will serve as interim CEO.
Dave Banyard, who has been CEO of the company since 2015, will leave the company Oct. 25 for another job. It is not clear where Banyard is going when he leaves Myers. Chief legal officer Andrean Horton will serve as interim CEO. It is also not clear if Horton will continue to serve as the chief legal officer in addition to her capacity as interim CEO.
Banyard has served as president and CEO of Myers Industries since 2015.
"On behalf of the Board of Directors, we would like to thank Dave for his leadership and contributions to Myers. We wish him well in his future endeavors. The Company will remain focused on executing its strategic initiatives, including the transformation underway in the Distribution Segment," chairman of the board F. Jack Liebau said in the press release.
The company did not respond to request for comment Friday.
The board of directors will work with a global executive search firm to find a new president and CEO. It is not clear if Horton will be in the running to become the permanent CEO.
Horton became the executive vice president, chief legal officer and secretary of Myers Industries in October 2018. She previously worked as the chief legal officer at A. Schulman Inc. and has served as the general counsel at The Bartech Group. She has also worked as the vice president of legal and regulatory compliance at YRC Worldwide Inc. She also worked as an associate at Calfee, Halter & Griswold. Horton graduated from Case Western Reserve University School of Law in 2000.
Horton's promotion to interim CEO follows a trend of general counsel and chief legal officers being named to lead the company when a CEO resigns or is forced out. Earlier this year, C. Allen Parker, the general counsel of Wells Fargo, was named interim CEO. While it had been reported that he was expected to be named the permanent CEO of the bank, the board of directors named Charles Scharf, the CEO of Bank of New York Mellon, to become the permanent CEO.
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