RPM Eliminates CRO Position and Names New Vice President of Operations
October 13 2021 - 9:15AM
Business Wire
RPM International Inc. (NYSE: RPM) announced today that as a
result of the May 31, 2021 successful completion of its MAP to
Growth operating improvement program, the decision was made to
eliminate the chief restructuring officer position, which was held
by Michael H. Sullivan. RPM has established a more permanent
long-term manufacturing, procurement, environmental, health and
safety team to be led by Timothy R. Kinser, who has been appointed
vice president – operations.
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Timothy R. Kinser Named RPM Vice
President of Operations (Photo: Business Wire)
Sullivan joined RPM in June of 2019 as vice president and chief
restructuring officer and was previously a member of the consulting
team that helped design and implement the company’s MAP to Growth
operating improvement program. His oversight and guidance were part
of the successful execution of the program, including generating an
annualized run rate of approximately $320 million in savings versus
the company’s original goal of $290 million, setting up a
center-led procurement effort, and instituting a program driving
lean manufacturing disciplines and continuous improvement
measurements into RPM’s operating culture.
In his new role, Kinser will be responsible for the company’s
manufacturing, supply chain and environmental, health and safety
functions across all RPM business segments. Kinser has been serving
as the company’s vice president – procurement since 2018. He has
played an integral role in establishing and managing RPM’s
center-led procurement function as part of the MAP to Growth
program. He previously served as executive vice president of
operations for DAP Products Inc., an RPM operating company that
manufactures and markets caulks, sealants and adhesives. Prior to
joining DAP in 2007, he was executive director of manufacturing at
a leading North American roofing manufacturer and also spent more
than a decade in various manufacturing and operations positions at
Florida Power & Light. Kinser earned a Bachelor of Science
degree in mechanical engineering from the University of Akron.
“We are grateful for Mike’s leadership of our restructuring
efforts over the last two years. His oversight and experience were
critical to our MAP to Growth program’s success, and we wish him
well in his future endeavors,” stated Frank C. Sullivan, RPM
chairman and CEO. “Tim has successfully contributed to RPM through
very challenging environments of a restructuring, global pandemic
and severe supply chain disruptions. He is well suited to take on
the additional responsibilities of his new role and lead the
critical aspects of our business operations.”
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
approximately 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.
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Russell L. Gordon 330-273-5090 rgordon@rpminc.com
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