Berry Global (BERY) Picks Kwilinski to Replace Salmon as CEO
Berry Global Group, Inc. BERY announced the appointment of Kevin Kwilinski as its next chief executive officer (CEO), effective Oct 2, 2023. The company’s Board of Directors has unanimously elected Kwilinski for the position. He will succeed Tom Salmon, who in February announced retirement from his roles as CEO and chairman. Salmon will, however, remain in an advisory capacity with BERY through the end of the year.
Kwilinski brings to Berry Global almost three decades of expertise in the packaging industry. Currently acting as the president and CEO of Multi-Color Corporation, a label printing company, Kwilinski carried out various acquisitions for the company which resulted in significant EBITDA and revenue generation. Prior to joining Multi-Color Corporation, he served as the CEO of Fort Dearborn Company which is a supplier of high-impact decorative labels for the beverage, food, household products, nutraceutical, paint and coatings sectors. Before joining Fort Dearborn, Kwilinski served as the CEO of Paperworks Industries.
BERY’s Board of Directors has also elected Stephen Sterrett, currently serving as the Lead Independent Director, as the Chairman of the Board, effective Oct 2, 2023.
Berry Global Group, Inc. Price
Berry Global Group, Inc. price | Berry Global Group, Inc. Quote
Berry Global is benefiting from its robust product portfolio, the bulk of which includes consumer non-discretionary products. Strength in the foodservice market within the Consumer Packaging North America segment is aiding the company. Also, investments in the latest equipment technologies, advantaged film development and design for circularity are expected to drive the company in the long term.
Zacks Rank & Stocks to Consider
BERY currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Caterpillar Inc. CAT presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.
CAT’s earnings surprise in the last four quarters was 18.5%, on average. In the past 60 days, estimates for Caterpillar’s earnings have increased 8.4% for 2023. The stock has gained 41.6% in the past year.
A. O. Smith Corp. AOS presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 10.5%, on average.
In the past 60 days, estimates for A. O. Smith’s earnings have increased 2.9% for 2023. The stock has gained 10.3% in the past year.
Alamo Group Inc. ALG presently carries a Zacks Rank of 2.ALG’s earnings surprise in the last four quarters was 13%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 1.1%. The stock has gained 23.7% in the past year.
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Caterpillar Inc. (CAT) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Berry Global Group, Inc. (BERY) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
