Graco Names David M. Lowe CFO and Treasurer and Timothy R. White President of its Worldwide Process Division
April 27 2021 - 8:00AM
Business Wire
The Board of Directors of Graco Inc. (NYSE: GGG), a
leading manufacturer of fluid handling equipment, has named David
M. Lowe Chief Financial Officer and Treasurer, and Timothy R. White
President of its Worldwide Process Division, effective June 10,
2021. The moves are in alignment with Mark W. Sheahan moving from
the CFO and Treasurer role to the President and CEO role on June
10.
“I believe this will be a seamless transition, as both David and
Tim have decades of Graco experience,” said Mr. Sheahan. “Between
David’s strong financial acumen and Tim’s mix of operational and
commercial experience, I’m happy to have both individuals in key
roles on the leadership team.”
Mr. Lowe joined Graco in 1995 and has held numerous senior
management positions including President of the Worldwide Process
Division since April 2020; President of the Worldwide Industrial
Products Division from June 2018 until April 2020; Executive Vice
President of the Industrial Products Division from April 2012 until
June 2018; Vice President and General Manager of the Industrial
Products Division from February 2005 to April 2012; Vice President
and General Manager of European Operations from September 1999 to
February 2005; and more, including Treasurer. Mr. Lowe holds a
bachelor’s degree in Business and Administration Studies from Lewis
& Clark College in Oregon, an MBA from the University of
Michigan and is a Chartered Financial Analyst (CFA).
Mr. White has held a variety of operational and commercial roles
in multiple business divisions since he joined the Company in 1992.
Most recently, he has served as President of White Knight and QED
Environmental Systems, businesses acquired by Graco that serve
high-growth markets, since August 2020. He also recently served as
President of the EMEA region from December 2018 through July 2020.
Prior to moving to Belgium to lead the region, Mr. White was
President of QED Environmental Systems from August 2015 to December
2018. Mr. White holds a bachelor’s degree in Operations Management
and an MBA from the University of St. Thomas in Minnesota.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210427005632/en/
Charlotte Boyd, 612-623-6153 Charlotte_M_Boyd@graco.com
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