David B. Heller Steps Down from Company’s Board
EVANSVILLE, Ind.--(BUSINESS WIRE)--Jan. 8, 2015--
Berry Plastics Group, Inc. (NYSE: BERY), a leading global manufacturer
and marketer of value-added plastic packaging and engineered materials,
today announced the appointment of Stephen E. (Steve) Sterrett to its
Board of Directors. Sterrett will serve as the Chairman of the Company’s
Audit Committee. Sterrett replaces David B. Heller who is stepping down,
after serving on the Company’s Board since September 2012.
Sterrett most recently served as the Sr. Executive Vice President and
Chief Financial Officer of Indianapolis-based Simon Property Group,
Inc., (NYSE: SPG), an S&P 100 company and the largest real estate
company in the world. Sterrett joined the Simon organization in 1988,
was named the Treasurer in 1993, and was its Chief Financial Officer
from 2000-2014. Sterrett retired as Chief Financial Officer of Simon
Property on December 31, 2014. During his 14 years as CFO for Simon,
Sterrett assisted the company in completing over $35 billion of
acquisitions, and in growing the company’s revenues over tenfold to
become the only real estate company in the S&P 100 mega cap index today.
Prior to joining Simon, he was a senior manager with the international
accounting firm of Price Waterhouse.
In addition, Sterrett was named as the number one ranked Chief Financial
Officer in the real estate industry for the eight years consecutively
from 2007 to 2014 by Institutional Investor Magazine. In 2012 he was
inducted into the Academy of Fellows by the Kelley School of Business at
Indiana University, and in 2013 received the Jeffrey Fisher Real Estate
Legacy Award from Indiana University.
In October 2014, Sterrett was elected to the Board of Realty Income
(NYSE: O). He is active in several civic organizations, including
currently serving on the boards of the Greater Indianapolis Chamber of
Commerce, and the Indiana Golf Association and its Foundation. He also
currently serves on the board of the Indiana University Center for Real
Estate Studies and the Kelley School of Business Dean’s Council.
Sterrett is a former board member of Simon Youth Foundation,
Indianapolis Downtown Inc., Crossroads of America Council Boy Scouts of
America, Christian Theological Seminary Goodwill Industries Foundation,
Catholic Youth Organization, Geist Christian Church, Lawrence Township
Schools Foundation, Training Inc., and of the Juvenile Diabetes Research
Foundation. Sterrett holds a BS in accounting and an MBA in finance,
both from Indiana University.
“We are very pleased to welcome Steve to our Board of Directors, and
look forward to the contributions and insights he will offer as we
continue to pursue initiatives in support of our four-point business
strategy,” said Jon Rich, Chairman and CEO of Berry Plastics. “At the
same time, I extend our sincere appreciation to David for his commitment
to Berry Plastics during his tenure.”
About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic
consumer packaging and engineered materials delivering high-quality
customized solutions to our customers with annual net sales of $5
billion in fiscal 2014. With world headquarters in Evansville, Indiana,
the Company’s common stock is listed on the New York Stock Exchange
under the ticker symbol BERY. For additional information, visit the
Company’s website at www.berryplastics.com.
Certain statements and information included in this release may
constitute "forward looking statements" within the meaning of the
Federal Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, or achievements of Berry Plastics to be materially
different from any future results, performance, or achievements
expressed or implied in such forward looking statements. Additional
discussion of factors that could cause actual results to differ
materially from management’s projections, forecasts, estimates and
expectations is contained in the companies' SEC filings. The companies
do not undertake any obligation to update any forward-looking
statements, or to make any other forward-looking statements, whether as
a result of new information, future events or otherwise.
Source: Berry Plastics Group, Inc.
Berry Plastics Group, Inc.
Dustin Stilwell, 812-306-2964