BOARD OF DIRECTORS
Nominees and Continuing Directors
The following information is given with respect to the three nominees for election at the Meeting and the other seven directors whose terms of office will
continue after the Meeting, and includes a description of the particular experience, qualifications, attributes or skills that led the Board to conclude that each of the nominees and directors should serve as members of the Board. Except as noted
below, each of the nominees and directors has held the same position, or another executive position with the same employer, for the past five years. One of our directors, Jack W. Eugster, reached age 75 in October 2020, and will therefore retire
from our Board effective as of the Meeting in accordance with the retirement standards set forth in our Corporate Governance Guidelines. Further, as previously announced, Patrick J. McHale will retire as President and Chief Executive Officer and a
director of the Company effective June 10, 2021, and his successor, Mark W. Sheahan, the Companys Chief Financial Officer and Treasurer, will become President and Chief Executive Officer and a director effective June 10, 2021.
Nominees for election at the Meeting to terms expiring in 2024:
Brett C. Carter
Mr. Carter, 54, is
Executive Vice President and Chief Customer and Innovation Officer of Xcel Energy Inc., a major U.S. electric and natural gas delivery company. He assumed this position in May 2018. Prior to that, Mr. Carter served as Senior Vice President and
Shared Services Executive of Bank of America from October 2015 to May 2018, and as Senior Vice President and Chief Operating Officer of Bank of America from March 2015 to October 2015. Before joining Bank of America, Mr. Carter held several
leadership roles at Duke Energy Co. from 2005 to 2015, including most recently as Senior Vice President and Chief Distribution Officer from 2013 to March 2015. Mr. Carter has been a director of our company since February 2021. Among other
qualifications, Mr. Carter brings to our Board substantial experience overseeing key business areas of operations, marketing, information technology, cyber and physical security, customer service and brand strategy at several major public
companies.
R. William Van Sant
Mr. Van Sant, 82, has been a Senior Advisor at Yukon Partners II, LLC, a provider of mezzanine financing for middle-market private equity
transactions, since 2014, and an Operating Partner at TJM Capital Partners, an operationally-focused private equity firm, since 2015. He also serves as Executive Chairman of the Board of Directors of Builtrite Holdings, LLC, a portfolio company of
TJM Capital, and as a director of RIE Coatings, LLC, a portfolio company of Brass Ring Capital. In addition to actively advising private equity funds and their portfolio companies, Mr. Van Sant may from time to time take ownership interests in
the funds and portfolio companies he advises. From 2013 until June 2017, he was a Senior Operating Partner at Tenex Capital Management, L.P., a private equity firm, and from 2012 until 2013, he served as a Senior Advisor. During this time, he also
served as the Chairman or as a director of several portfolio companies of Tenex. From 2008 until 2013, he was an Operating Partner of Stone Arch Capital, LLC, a private equity firm. From 2006 through 2007, he was President and Chief Executive
Officer of Paladin Brands Holding, Inc., which manufactures attachments for construction equipment. From 2003 until 2006, Mr. Van Sant was Chairman, and from 2003 until 2005, he was Chairman and Chief Executive Officer, of Paladin Brands, LLC.
He was an operating partner with Norwest Equity Partners, a private equity firm, from 2001 through 2006. Mr. Van Sant has been a director of Graco since 2004 and is also a director of H.B. Fuller Company. Among other qualifications,
Mr. Van Sant is an expert in management, finance and manufacturing operations, experience he has acquired over many years as an executive and/or director of various manufacturing companies, including those listed above as well as Nortrax, Inc.,
Lukens Inc., Blount, Inc., and Cessna Aircraft Company. He also held roles of increasing responsibility over a nearly thirty year career at John Deere Company. Mr. Van Sants strong leadership experience and seasoned business valuation
skills make him a key contributor to our Board on strategy and growth topics, particularly with respect to mergers and acquisitions. He has been designated by our Board as an audit committee financial expert.
Emily C. White
Ms. White, 42, is
President of Anthos Capital LP, a venture capital and private equity firm specializing in growth capital investments. She assumed this position in September 2018. Ms. White was Chief Operating Officer at Snap Inc., a photo messaging company,
from 2014 through 2015. Prior to joining Snap, Ms. White held several leadership roles at Facebook, Inc., a social networking company, from 2010 to 2013, including Head of Business Operations for Instagram, Senior Director of Mobile Business
Development and Partnerships, and Senior Director of Local. Ms. White also held leadership roles at Google from 2001 to 2010. She has been a director of Graco since February 2018 and is also a director of lululemon athletica inc. Ms. White
served as a director of Zayo Group Holdings from April 2017 until March 2020. She is an advisor to Hyperloop One and VSCO, and serves on the Executive Advisory Council for the National Center for
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Graco Inc. 2021 Proxy Statement