Sherwin-Williams CEO John Morikis to Step Down
11 Octobre 2023 - 2:16PM
Dow Jones News
By Will Feuer
Sherwin-Williams Chief Executive John Morikis will step down
from his role at the start of next year and will be succeeded by
Chief Operating Officer Heidi Petz.
Morikis, who has been CEO since 2016, will remain chairman of
the paint-and-coatings maker.
Petz, 48, joined Sherwin-Williams in 2017 after the company
bought Valspar for more than $9 billion, a deal that bolstered the
company's access to big-box retailers like Lowe's. Before taking
over as COO, she led Sherwin-Williams' Americas business. Before
that, she helmed the consumer-brands business. Petz previously held
roles at Target, Newell Rubbermaid and PriceWaterhouseCoopers.
Morikis, who started with Sherwin-Williams in 1984, said the
transition follows years of succession planning.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
October 11, 2023 08:01 ET (12:01 GMT)
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