Voorhees Named CEO of Rust-Oleum Group
March 01 2018 - 9:00AM
Business Wire
RPM International Inc. (NYSE: RPM) today announced that its
Rust-Oleum Group will have new leadership. Edward J. Voorhees III,
president of Rust-Oleum North America, will take over as CEO of
Rust-Oleum Group effective today. He replaces Thomas E. Reed, who
will assume the position of chairman as he approaches his September
retirement.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180301005227/en/
Edward J. Voorhees, CEO of Rust-Oleum
Group (Photo: Business Wire)
Voorhees has served as president of Rust-Oleum North America for
more than 12 years, driving long-term strategy and building
business foundations. In this new role, he will look to provide the
company strategic and tactical direction on a global scale.
Voorhees has been a part of the Rust-Oleum team for more than 35
years, starting as a sales rep on the East Coast. He earned a
Bachelor of Arts degree in business management from Adelphi
University and completed the executive development program at the
University of Pennsylvania’s Wharton School of Business.
“It is tremendously satisfying to hand the reins over to Ed,”
said Reed. “As a person who has been by my side, as a partner,
every step of the way, he is truly and uniquely qualified to
continue to lead the sustained growth that Rust-Oleum has enjoyed
over the last decade.”
Reed has served in many key positions since he joined Rust-Oleum
in 1983. He became CEO and president in August 2006. He was
responsible for the day-to-day operations of all Rust-Oleum
companies, leading the charge on the company’s commitment to
customer intimacy and innovation. Reed is a graduate of the
University of Wisconsin – La Crosse.
“At RPM, we place great emphasis on succession planning for our
group and operating company leaders, and anticipate a smooth and
seamless transition over the coming weeks,” stated Frank C.
Sullivan, chairman and CEO of RPM. “Tom has helped turn Rust-Oleum
into one of our best-known consumer brands and Ed is well suited to
continue to lead the business and drive its growth.”
About Rust-Oleum
For nearly a century, Rust-Oleum has been the global leader in
manufacturing innovative coatings that empower do-it-yourselfers
and professionals alike across categories including small project
paints, cleaners, primers, automotive, industrial, high performance
coatings and wood care. Its wide breadth of brands and products
include such trusted names as Rust-Oleum, Stops Rust®, Painter’s
Touch®, Krud Kutter®, Universal®, EpoxyShield®, RockSolid®
Varathane®, Zinsser®, MultiSpec®, Testors®, Modern Masters®, and
Watco®. Visit rustoleum.com for more information. Follow Rust-Oleum
on LinkedIn, Pinterest, Facebook, Twitter and Instagram.
About RPM
RPM International Inc. owns subsidiaries that are world leaders
in specialty coatings, sealants, building materials and related
services across three segments. RPM’s industrial products include
roofing systems, sealants, corrosion control coatings, flooring
coatings and other construction chemicals. Industrial companies
include Stonhard, Tremco, illbruck, Carboline,
Flowcrete, Euclid Chemical and RPM
Belgium Vandex. RPM's consumer products are used by professionals
and do-it-yourselfers for home maintenance and improvement and by
hobbyists. Consumer brands include Rust-Oleum, DAP, Zinsser,
Varathane and Testors. RPM’s specialty products include industrial
cleaners, colorants, exterior finishes, specialty OEM coatings,
edible coatings, restoration services equipment and specialty
glazes for the pharmaceutical and food industries. Specialty
segment companies include Day-Glo, Dryvit, RPM Wood Finishes,
Mantrose-Haeuser, Legend Brands, Kop-Coat and TCI. Additional
details can be found at www.rpminc.com and by following RPM on
Twitter at www.twitter.com/RPMintl.
For more information, contact Barry M. Slifstein, vice president
– investor relations, at 330-273-5090 or bslifstein@rpminc.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180301005227/en/
RPM International Inc.Barry M. Slifstein, 330-273-5090Vice
President – Investor relationsbslifstein@rpminc.com
RPM (NYSE:RPM)
Historical Stock Chart
From Aug 2024 to Sep 2024
RPM (NYSE:RPM)
Historical Stock Chart
From Sep 2023 to Sep 2024