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Berry Plastics Announces Executive Change

After 28 years of service, Jim Kratochvil, chief financial officer of Berry Plastics Group Inc., plans to retire effective January 2, 2014. The company has elected Mark Miles, who currently serves as executive vice president, Controller and Treasurer, to replace Kratochvil as CFO.

“On behalf of the Board of Directors and the entire Berry Plastics team, I want to thank Jim for his outstanding and dedicated service to the company,” said Jon Rich, chairman and CEO. “As our head of finance since 1985, Jim helped lead the growth of our company from $20 million in revenue to our $4.8 billion in fiscal 2012. I will personally miss the advice and counsel he has provided to me during the past three years, and I wish him and his family the best as they begin their well-deserved retirement journey.

“We are pleased to have in the company a financial executive with the leadership and skills Mark brings to this role,” Rich said. “His treasury, controller, and public accounting experience; his extensive knowledge and understanding of Berry’s business; and his strong leadership of our IPO and secondary offerings demonstrate that Mark is well-prepared to help lead the company’s continued growth. Mark has worked closely with Jim during his career at Berry Plastics, which will support a seamless transition as we move into 2014.”

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