Today, Berry Plastics Group, Inc. (NYSE: BERY), announced the appointment of Carl J. (Rick) Rickertsen to its Board of Directors. Rickertsen is a managing partner of Pine Creek Partners, a private equity investment firm based in Washington, D.C.
Rickertsen has worked in private equity since 1987. Prior to founding Pine Creek Partners, he was chief operating officer and partner of Thayer Capital Partners, a Washington, D.C.-based private equity investment firm. Rickertsen was a founding partner of three Thayer investment funds totaling over $1.4 billion and is a published author.
"I am very proud to join the board of this exciting company,” said Rickertsen. “Not only is Berry Plastics a leading global manufacturer and marketer of packaging products today, there is also much growth ahead for the Company as it continues to research, develop, and bring to market new and innovative customer solutions."
Rickertsen has been a member of the board of directors of MicroStrategy (NASDAQ: MSTR), since October 2002. He joined the Apollo Senior Credit Fund (NYSE: AFT) board in 2011 and the board of Noranda (NYSE: NOR) in 2012. Rickertsen was formerly a board member of publicly-traded companies Convera Corporation, a search-engine software company, UAP Holding Corp., a distributor of agriculture products, and Homeland Security Capital Corporation, a specialized technology provider to government and commercial customers.
"We are pleased to have Rick join Berry Plastics’ Board of Directors and serve on our Board’s Audit Committee," said Jon Rich, Chairman and CEO of Berry Plastics. “Rick brings with him a wealth of knowledge gained from his 25 years in the private equity sector and in his capacity of serving on boards of publicly traded companies. His knowledge, experience, and insight will be beneficial to Berry as we pursue our deleveraging and strategic growth initiatives.”
Rickertsen graduated with distinction from Stanford University and Harvard Graduate School of Business, obtaining a BS in Industrial Engineering from Stanford and MBA from Harvard.