Martin R. Imbler has announced his immediate retirement as president and chief executive officer from Berry Plastics Corp.
Effective June 1, former Chief Operating Officer Ira Boots stepped up to fill Imbler's position.
Imbler, 53, is leaving after 10 years with the company that he joined as president and CEO. He came to Evansville, Ind.-based Berry Plastics with 30 years of management at other packaging companies, including American National Can Co.
``I've been here over 10 years, and it's been a marvelous run,'' he said in a telephone interview. ``I'm getting to the point where I wanted to just enjoy being retired.
``I think the company is in great shape; it seemed like as good a time as any to retire.''
Imbler said he looks forward to watching from the sidelines as the company continues the growth path that led sales to jump from $58 million to $408 million.
``Our strategy from the beginning of my tenure was to grow this company aggressively through internal new product development and through acquisitions,'' he said. ``During that period of time we have made 13 acquisitions in the packaging area and expanded our business in the U.S., as well as to enter European packaging markets.
``We spend a fair amount of money every year on capital investment for new products, as well as the board and owners provided financing for the acquisition part of the strategy.''
Boots, 47, has been with the company in many capacities since 1978. He said he looks forward to continued growth, including expansions within its newly added thermoforming operations.
Long an injection molder of a variety of consumer packaging products, drink cups and aerosol caps, Berry last year entered thermoforming with the construction of a 13,000-square-foot plant adjacent to its Evansville site.