Ms. Petz has held many key leadership positions since joining Sherwin-Williams as part of the acquisition of The Valspar Corporation in June 2017. Prior to serving as President, The Americas Group, Ms. Petz served as Senior Vice President of Group Sales and Marketing. She also held leadership positions with the Consumer Brands Group from 2017 to 2020, including Group President, President and General Manager, Retail North America, and Senior Vice President, Marketing. Prior to joining Sherwin-Williams, Ms. Petz served as Vice President of Marketing, Consumer Business at Valspar for four years. Prior to joining Valspar, she spent 15 successful years in leadership roles in marketing, sales and finance at Newell Rubbermaid, Target Corporation and PricewaterhouseCoopers. Ms. Petz holds a BA in Business and Leadership from the University of Richmond and an MBA from Loyola University Maryland.
Commenting on the appointment of Ms. Petz, Mr. Morikis said, “The Board could not be happier to elect Heidi as President and Chief Operating Officer. Heidi has been an important member of our leadership team since joining Sherwin-Williams in 2017 as part of the Valspar acquisition. Her tremendous leadership has been on display over the past two years as she guided two of our global operating groups through some of the most challenging environments in our history. As President of the Americas Group, she maintained a strong focus on our customers and employees while navigating the business through natural disasters, limited raw material availability, unprecedented cost inflation, multiple price increases and the current COVID-19 pandemic As President of the Consumer Brands Group, Heidi has worked closely with our retail partners to meet unprecedented demand for DIY coatings throughout the pandemic in 2020 while also serving as the architect of our ative “Pros Who Paint” initiative. Heidi is a tireless advocate for our people, including our commitment to professional growth, engagement and inclusion, diversity and equity. Heidi’s energy, leadership skills, follow through and ability to execute are perfectly aligned with our goals of delivering differentiated solutions to our clients and creating exceptional value for our shareholders.”
Sherwin-Williams also announced today that the Board has elected Justin T. Binns as Chairman, The Americas Group, succeeding Ms. Petz, and Karl J. Jorgenrud as President, Performance Coatings Group, succeeding Mr. Binns. Both positions will report to Ms. Petz and are equally effective March 1, 2022.
Mr. Binns, 46, joined Sherwin-Williams in 1997 as a sales associate. Since 2020, he has been President of the Performance Coatings group. Prior to serving as President, Mr. Binns served as President and General Manager, Automotive Refinishing Division, Performance Coatings Group from 2018 to 2020. Mr. Binns also served as President and General Manager, Automotive Finishing Division. East, The Americas Group from 2016 to 2018, and Vice President of Regional Sales, The Americas Group from 2014 to 2016. Mr. Binns received a BA from University of Wisconsin-LaCrosse.
Mr. Jorgenrud, 45, joined Sherwin-Williams in June 2017 in the context of the acquisition of Valspar, where he began his career in June 1994. Mr. Jorgenrud has served as President and Managing Director, General Industrial Division, Performance Coatings Group since 2020. He previously served as President and Managing Director, Protective & Marine Division, Performance Coatings Group from 2017 to 2019. Mr. Jorgenrud held several leadership positions. at Valspar prior to the company’s acquisition by Sherwin-Williams. Mr. Jorgenrud earned a BA in Accounting and an MBA from the University of Minnesota.
“Justin and Karl are proven leaders with a strong track record of success leading several businesses in our company,” Mr. Morikis said. “Justin brings 25 years of Sherwin-Williams experience to his new role, including 20 spent in the Americas Group, including heading the Eastern Division. He is well prepared to serve as President of the Americas Group, with a extensive knowledge of our paint stores, products and services, and a thorough understanding of customer needs in our various architectural end markets.Karl is also highly qualified for his new role with 27 years of experience in the global paint industry and industrial coatings Since joining Sherwin-Williams in 2017 through the acquisition of Valspar, he has led two of our largest and most complex global industrial businesses, making him an ideal candidate to lead the entire Performance Coatings Group. I am confident that these two wonderful leaders will continue to execute our strategy, accelerate growth and drive profitability. flexibility while delivering the solutions our customers have come to expect.”
“Heidi, Justin and Karl have demonstrated exceptional leadership abilities throughout their careers, and these new promotions will allow John to focus more on the long-term strategic direction of the company,” said Steven H. Wunning, Lead Director of the Sherwin-Williams Board of Directors. “The promotions also reflect the depth of talent we have within Sherwin-Williams, and our ongoing commitment to management development and succession planning.”
Founded in 1866, The Sherwin-Williams Company is a world leader in the manufacture, development, distribution and sale of paints, coatings and related products to professional, industrial, commercial and retail customers. Sherwin-Williams manufactures products under well-known brands such as Sherwin-Williams®Valspar®HGTV HOME® by Sherwin-Williams, Dutch Boy®Krylon®minwax®, by Thompson® Water tightness®Pooch® and much more. With its global headquarters in Cleveland, OhioSherwin-Williams® branded products are sold exclusively through a chain of more than 5,000 company-operated stores and facilities, while the company’s other brands are sold through mass merchandisers, home improvement centers , independent paint dealers, hardware stores, automotive retailers and industrial distributors. The Sherwin-Williams Performance Coatings group provides a wide range of highly engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are listed on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.
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