MOSCOW (MRC) -- Thomas E. Salmon, CEO and Chairman of Berry Global Group Inc., announced today that he will retire, effective Dec. 31, 2023, said the company.
The company board has engaged executive search firm Spencer Stuart to assist with the identification of a successor. Both internal and external candidates will be considered, according to the company.
“I am extremely proud of all that our talented team has accomplished as we continue to execute our strategy and trail blaze the industry by developing sustainable and innovative packaging, even during a period of unprecedented global disruption,” Salmon said. “Thanks to the continued hard work and dedication of the entire organization, I am confident the company is well-positioned to continue to deliver significant value for all stakeholders."
In the announcement, Berry Lead Independent Director Stephen E. Sterrett praised Salmon’s tenure at the company. “Under Tom’s outstanding leadership, Berry has achieved record results, established the industry’s most diversified and expansive manufacturing footprint, bolstered our portfolio with sustainability-focused investments in emerging markets, and consistently delivered for customers,” said Sterrett.
Salmon has been with Berry Global for a little more than 11 years, starting in 2011 as president of the Engineered Materials division. In October 2016 he was named President and Chief Operating Officer of the company, moving up to CEO in February 2017. He became chairman and CEO in February 2018.
In a post announcing his retirement on LInkedIn, Salmon expressed gratitude for the “honor and privilege” of leading a company with tens of thousands of employee worldwide “who genuinely care about each other, our customers, our planet, and the communities we serve.” It was “truly an opportunity-of-a-lifetime and the highlight of my career,” he added.
The primary goal in seeking a new CEO, said Sterrett, will be identifying a “strong leader to build on Tom’s legacy, one who shares Berry’s core values and who will continue the company’s momentum. We look forward to Tom’s continued leadership in the year ahead and fully expect a seamless transition,” added Sterrett.
We remind, Berry Global Group, Inc. is the first plastic packaging manufacturer in Europe to supply The Coca-Cola Company with a lightweight, tethered closure for its carbonated soft drinks in PET (polyethylene terephthalate) bottles. Bolstered by the European Union (EU) Single-Use Plastics Directive, Berry’s new tethered closure for Coca-Cola is designed to remain intact with the bottle – making it less likely to be littered and more likely to be recycled.