Graco Names Christian E. Rothe as New Chief Financial Officer
June 29 2015 - 8:30AM
Business Wire
Graco Inc. (NYSE:GGG) announced today that Christian E. Rothe
has been appointed as the Company’s Chief Financial Officer and
Treasurer effective September 1, 2015. Mr. Rothe succeeds James A.
Graner who announced his planned retirement from the Company last
year.
“Jim Graner has played a pivotal role in shaping Graco’s
business for more than 40 years,” said Graco President and CEO
Patrick J. McHale. “His insight, intellect, and character has
helped define Graco’s strategies, our culture, and our success. On
behalf of Graco's Board of Directors and shareholders, I thank Jim
for his service and innumerable contributions. We wish Jim and his
family all the best upon his retirement.”
Mr. Rothe is currently Graco’s Vice President and Treasurer, a
role he has held since joining the company in 2011. Prior to his
appointment at Graco, Mr. Rothe held a series of finance roles of
increasing responsibility at Gardner Denver, Inc., including Vice
President and Treasurer, Vice President, Finance - Industrial
Products Segment, and Director of Strategic Planning and
Development. Gardner Denver, an industrial flow control
manufacturer, was a member of the S&P Midcap 400 prior to being
acquired by KKR in 2013.
Earlier in his career, Mr. Rothe held various corporate finance
and business development roles at Ridley Inc. and HickoryTech
Corporation. Mr. Rothe holds a Bachelor of Science degree in
Accounting from the Herberger School of Business at St. Cloud State
University and an MBA from the University of Minnesota’s Carlson
School of Management. He has a CPA certification in the State of
Illinois.
“Since joining Graco, Christian has become a highly respected
member of our management team who consistently provides unique
perspectives and ideas drawn from personal experience and a rich
knowledge of the external factors which must be considered when
driving for growth and profitability,” said McHale. “Christian has
a thorough understanding of our business and financial structure
which will allow for a seamless transition to his new role as CFO.
Further, his operational, corporate finance and M&A experience
will help drive the Company's organic and inorganic growth
strategies.”
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management
of fluids and coatings in both industrial and commercial
applications. It designs, manufactures and markets systems and
equipment to move, measure, control, dispense, and spray fluid and
powder materials. A recognized leader in its specialties,
Minneapolis-based Graco serves customers around the world in the
manufacturing, processing, construction, and maintenance
industries. For additional information about Graco Inc., please
visit us at www.graco.com or on Twitter @GracoInc.
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Graco Inc.James A. Graner, 612-623-6635orMedia:Bryce
Hallowell, 612-623-6679bhallowell@graco.com
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