RPM Names Spaulding President of the RPM Consumer Group
August 16 2021 - 9:15AM
Business Wire
Horan retirement results in additional
promotions at Rust-Oleum Corporation and DAP Products Inc.
RPM International Inc. (NYSE: RPM) today announced that Bill
Spaulding, president of Rust-Oleum Corporation, will be promoted to
RPM Consumer Group president, effective September 1. He will
succeed Terry Horan, who will retire on August 31.
Over the course of his 22-year career at the company, Spaulding
has served in several key positions at Rust-Oleum, including
president of North America and executive vice president of consumer
sales and marketing. Spaulding earned a bachelor’s degree in
economics from Indiana University Bloomington and an MBA from
Northern Illinois University.
In conjunction with Spaulding’s appointment, Jeff Ackerberg,
president of DAP Products Inc., will be promoted to president of
Rust-Oleum. Prior to joining DAP, Ackerberg held senior executive
leadership positions with global organizations such as Grohe AG;
ACCO Brands, Inc., Kohler Company, Bosch and Emerson Electric.
Ackerberg earned a bachelor’s degree in business from North Central
College, and holds his MBA from Northwestern University, J.L.
Kellogg School of Management.
Additionally, Mark Heird, Rust-Oleum executive vice president of
sales in North America, will be promoted to president of DAP. Heird
has held multiple leadership roles at Rust-Oleum over the course of
his 21 years with the company. Previously, he served as a sales
executive with The Clorox Company and Procter & Gamble. Heird
earned a bachelor’s degree in marketing from University of
Maryland, College Park.
“I look forward to working with Bill in his new role as Consumer
Group President along with Jeff and Mark in their new roles and the
entire leadership team of the Consumer Group,” stated Frank C.
Sullivan, RPM chairman and CEO. “I am also incredibly excited that
we have leaders with great experience and proven track records of
success to carry our Consumer Group businesses to new levels of
growth, success and profitability for many years to come. That we
were able to fill these vitally important leadership roles
internally speaks to the depth of talent and dedication we have
across the RPM Consumer Group companies.”
Horan has held various leadership roles over the course of his
17-year career at RPM, including positions with DAP and Rust-Oleum.
He was also president of Robert Bosch Tool Corporation and The
Master Lock Company.
“As the president of the Consumer Group, Terry created the
blueprint and strategy for our success in steering the business to
become the largest group within RPM for the past two years,”
continued Sullivan. “He developed a leadership team capable of
taking the RPM Consumer Group to even greater heights of customer
innovation, collaboration and success. I am grateful to Terry for
his 17 years of dedicated service and wish him the best in his
retirement.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders
in specialty coatings, sealants, building materials and related
services. The company operates across four reportable segments:
consumer, construction products, performance coatings and specialty
products. RPM has a diverse portfolio with hundreds of
market-leading brands, including Rust-Oleum, DAP, Zinsser,
Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and
Dryvit. From homes and workplaces, to infrastructure and precious
landmarks, RPM’s brands are trusted by consumers and professionals
alike to help build a better world. The company employs 15,500
individuals worldwide. Visit www.RPMinc.com to learn more.
For more information, contact Russell L. Gordon, vice president
and chief financial officer, at 330-273-5090 or
rgordon@rpminc.com.
Forward-Looking Statements
This press release contains “forward-looking statements”
relating to our business. These forward-looking statements, or
other statements made by us, are made based on our expectations and
beliefs concerning future events impacting us and are subject to
uncertainties and factors (including those specified below), which
are difficult to predict and, in many instances, are beyond our
control. As a result, our actual results could differ materially
from those expressed in or implied by any such forward-looking
statements. These uncertainties and factors include (a) global
markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability
of capital and the effect of changes in interest rates, and the
viability of banks and other financial institutions; (b) the
prices, supply and availability of raw materials, including
assorted pigments, resins, solvents, and other natural gas- and
oil-based materials; packaging, including plastic and metal
containers; and transportation services, including fuel surcharges;
(c) continued growth in demand for our products; (d) legal,
environmental and litigation risks inherent in our construction and
chemicals businesses and risks related to the adequacy of our
insurance coverage for such matters; (e) the effect of changes in
interest rates; (f) the effect of fluctuations in currency exchange
rates upon our foreign operations; (g) the effect of non-currency
risks of investing in and conducting operations in foreign
countries, including those relating to domestic and international
political, social, economic and regulatory factors; (h) risks and
uncertainties associated with our ongoing acquisition and
divestiture activities; (i) the timing of and the realization of
anticipated cost savings from restructuring initiatives and the
ability to identify additional cost savings opportunities; (j)
risks related to the adequacy of our contingent liability reserves;
(k) risks relating to the Covid pandemic; (l) risks related to
adverse weather conditions or the impacts of climate change and
natural disasters; and (m) other risks detailed in our filings with
the Securities and Exchange Commission, including the risk factors
set forth in our Annual Report on Form 10-K for the year ended May
31, 2021, as the same may be updated from time to time. We do not
undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210816005008/en/
Russell L. Gordon vice president and chief financial officer
330-273-5090 rgordon@rpminc.com
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