Harper served as Vice President, Chief Information Privacy & Security Officer at Henry Ford Health System from 2002 to August 2018. Prior to joining Eli Lilly & Company, Ms. Harper served as the Vice President, Chief Information Security Officer for Eli Lilly & Company from August 2018 to June 2022. Prior to joining Synchrony Financial, Ms. She leads a multi-national team responsible for Security Operations, Incident Response, Identity & Access Management, Application Security, IS Risk Management, and IS Tools & Technology. Meredith Harper has been Senior Vice President and Chief Information Security Officer of Synchrony Financial since June 2022. Olshan Frome Wolosky LLP is serving as legal counsel to Ancora and Eminence.
#ANCORA BERRY FULL#
Thomas will be an observer of the Committee and then will assume full membership upon joining the Board.Ĭiti is serving as financial advisor and Latham & Watkins LLP is serving as legal counsel to Berry. Sheffield and will initially also include three current Board members. We look forward to continuing to engage and support the Company’s leadership team as it executes its strategy and pursues new paths to value creation over time."īerry also announced the formation of a Capital Allocation Committee, which will make recommendations to the Board and support management’s review of the Company’s capital allocation strategy. "We have appreciated our constructive dialogue with Berry, which has built an impressive leadership position in the packaging industry as well as an attractive and durable financial profile. Ricky Sandler, Founder, Chief Executive Officer and Chief Investment Officer at Eminence, concluded: We believe Berry is positioned for a strong future and can drive enhanced value for all stakeholders." "We appreciate the productive private engagement we have had with the Board and management regarding the Board’s refreshment efforts. These new independent directors will bring unique perspectives to the Berry Board as we continue to have constructive dialogue with all of our shareholders and drive value creation."įredrick DiSanto, Chairman and Chief Executive Officer of Ancora, added: We are committed to appropriately refreshing our Board to complement our existing skillset in support of the Company’s flexible and disciplined capital allocation strategy, which balances growth investments, strategic portfolio management, operational discipline and return of capital to shareholders. "We appreciate the opportunity we have had to engage with a cross-section of shareholders and gather valuable input on Board composition in recent months.
Thomas will act as a non-voting observer until officially joining the Board following the 2023 Annual Meeting.įollowing the 2023 Annual Meeting, Berry will expand its Board to 12 members, 11 of whom are independent. Sheffield will join the Board immediately and Mr. Thomas is the former Chairman, Chief Executive Officer and President of Ferro Corporation. Sheffield is a Partner at Canyon Partners, LLC and Mr. As a result of collaboration with Ancora and Eminence, Berry has agreed to also appoint Chaney Sheffield and Peter Thomas as independent directors. She will succeed Paula Sneed, who has reached Berry’s director retirement age and chosen to retire from the Board. Harper is currently Senior Vice President and Chief Information Security Officer of Synchrony Financial. As a result of Berry’s existing focus on Board refreshment efforts, the Company will appoint Meredith Harper as an independent director following the 2023 Annual Meeting of Shareholders (the "2023 Annual Meeting").
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