8/7/2023 0 Comments Ancora berryThomas 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. Ideal with simple pasta tossed in butter and Parmesan or with tomato based sauces.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"). ![]() A fresh, medium-bodied style with red and black berry fruit characters, and a hint of spice balanced by tangy acidity. ![]() No oak ageing.Īppealing aromas of fresh red fruit and a touch of black pepper spice. Traditional vinification in stainless steel tanks, with six days spent on skins. Produced from Sangiovese grapes from the Salento peninsula in southern Puglia. We source from a range of private growers and cooperatives, with whom we have long term relationships, principally in Veneto, Friuli, Lombardy, Sicily, Puglia, Abruzzo and Sardinia. ![]() Our aim is to produce authentic, well-priced still and sparkling wines from local grape varieties.Īll aspects of production, from grape selection through to vinification, maturation, blending and bottling are meticulously overseen by Araldica's winemaking team of Claudio Manera and Lella Burdese - assisted by Boutinot's Tony Brown MW. Established in 2003, Adria Vini is a winemaking venture jointly owned by Boutinot and Araldica Castelvero, the leading co-operative in the Monferrato hills of Piemonte.
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