Berry Global Group, Inc. recently named a new CEO, effective October 2.
Kevin Kwilinski, president and CEO of Multi-Color Corporation, will replace Tom Salmon, who will retire from his roles as Berry CEO and chairman, as previously announced in February. Salmon, who has been CEO for the past six years, will remain with the company through the end of the year in an advisory capacity to ensure a smooth transition, the company said in a news release.
Kwilinski brings nearly three decades of experience in the packaging industry “and a track record of driving operational excellence, expanding margins, and managing complex global operations,” the company said.
Stephen Sterrett, lead independent director, was named chairman of the board of directors, also effective on October 2.
“Following a comprehensive search process, the board determined that Kevin is the ideal individual to guide Berry through its next phase of growth and value creation,” Sterrett said in a news release.
Kwilinski holds a bachelor’s degree in physics and mathematics from Greenville College and a master’s in industrial and operations engineering from the University of Michigan.
Berry Global has 46,000 employees across more than 250 locations.
In its third-quarter earnings report on August 9, the company reported net sales of $3.2 billion, down from $3.7 billion in the third quarter of 2022. For the first three quarters of 2023, net sales were $9.6 billion, down from $11 billion in the first three quarters of 2022, according to a company news release. The company attributed the decline to several factors, including softer consumer and industrial market demand for consumer packaging in Europe and North America.