CLEVELAND, Nov. 7, 2016 /PRNewswire/ -- The
Sherwin-Williams Company (NYSE: SHW) announced today that
Christopher M. Connor will retire
from his position as Executive Chairman effective as of the close
of business on December 31, 2016
following a 34-year career with Sherwin-Williams. Mr. Connor
will remain a member of Sherwin-Williams' Board of Directors until
his retirement from the Board at the end of his current term at the
2017 Annual Meeting of Shareholders in April, 2017. In
addition, the Board has elected John G.
Morikis to assume the additional role of Chairman effective
January 1, 2017. Mr. Morikis
has served as Sherwin-Williams' President and Chief Executive
Officer since January 1,
2016.
"I'd like to thank Chris for his exemplary vision, guidance and
leadership over his distinguished career with Sherwin-Williams,"
said Mr. Morikis. "Chris set very high standards for our
Company and his influence will be felt for many years to come."
Mr. Morikis joined Sherwin-Williams in December 1984 as a management trainee in the
Company's Paint Stores Group and has held many key leadership
positions, including nine years as President and Chief Operating
Officer, during his 32 years with the Company.
"This announcement is the culmination of a thoughtful leadership
transition process for the Company and the Board," added
John M. Stropki, Sherwin-Williams'
Lead Director. "The Board believes that John's long and
effective career with the Company, and the passion, energy and
integrity he exhibits, makes him well suited for the additional
position of Chairman and that his election is clearly in the best
interests of the Company and our shareholders.
"On behalf of the Sherwin-Williams Board of Directors, our
shareholders, customers and employees, I want to express our
heartfelt appreciation to Chris for his many years of exceptional
service. Chris led Sherwin-Williams through a period of
unprecedented growth and prosperity, and our shareholders
benefitted greatly from his leadership and vision."
The Sherwin-Williams Company, founded in 1866, is one of the
world's leading companies engaged in the manufacture, distribution
and sale of coatings and related products to professional,
industrial, commercial and retail customers.
Investor Relations
Contact:
Bob Wells
Senior Vice
President, Corporate Communications
and Public
Affairs
Sherwin-Williams
Direct:
216.566.2244
rjwells@sherwin.com
|
Media
Contact:
Mike
Conway
Director, Corporate
Communications
Sherwin-Williams
Direct:
216.515.4393
Pager:
216.422.3751
mike.conway@sherwin.com
|
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SOURCE The Sherwin-Williams Company