PEOPLE
Jonathan Rich appointed CEO of Berry Plastics
 Jonathan Rich (Photo: Momentive) |
On the heels of the recent merger between Momentive Performance Materials (Albany, New York / USA; www.momentive.com) and Hexion Speciality Chemicals (Columbus, Ohio / USA; www.hexionchem.com) – see Plasteurope.com of 20.09.2010 – Momentive CEO Jonathan Rich has accepted an offer to become the new chairman and CEO of Berry Plastics (Evansville, Indiana / USA; www.berryplastics.com).
The stars could not have been more favourable to Rich, as the merger contained a clause stipulating that he resign as CEO and hand the reigns over to a Hexion representative. All the more lucky that incumbent Berry Plastics CEO Ira Boots has decided to resign from this position on 4 October in order to focus his activities on the board of directors.
Once Rich leaves for his new position, Momentive will be headed by Hexion chairman and CEO Craig Morrison.
The stars could not have been more favourable to Rich, as the merger contained a clause stipulating that he resign as CEO and hand the reigns over to a Hexion representative. All the more lucky that incumbent Berry Plastics CEO Ira Boots has decided to resign from this position on 4 October in order to focus his activities on the board of directors.
Once Rich leaves for his new position, Momentive will be headed by Hexion chairman and CEO Craig Morrison.
30.09.2010 Plasteurope.com [217395]
Published on 30.09.2010