Empresas y finanzas
The Sherwin-Williams Company Appoints John Morikis as President and Chief Operating Officer
The Sherwin-Williams Company (NYSE:SHW) announced today that the
Board of Directors has appointed John G. Morikis as President and
Chief Operating Officer, effective October 18th. Mr. Morikis has held
many key positions during his twenty-two year career with
Sherwin-Williams, most recently as President of the Paint Stores
Group, the Company's largest and fastest growing business segment.
During Mr. Morikis' seven-year tenure as President of the Paint Stores
Group, the segment has increased from approximately $3 billion dollars
in sales through 2,400 company operated paint stores to 2005 sales of
nearly $5 billion through more than 3,100 stores throughout North
America. Under his leadership, Sherwin-Williams has introduced many
innovative products, which have solidified Sherwin-Williams' position
as the leading architectural coatings company in North America.
Mr. Morikis, 43, joined Sherwin-Williams in 1984 as a management
trainee after graduating from St. Joseph's College with a Bachelor's
degree in Business Administration. He also holds a Master's degree in
Business. During his career, he has held numerous positions of
increasing responsibility in the Paint Stores Group, including
President & General Manager, Eastern Division; Senior Vice President -
Marketing; and Vice President - Sales, Eastern Division.
In his new role, Mr. Morikis will be responsible for all operating
segments of the Company, which includes the Paint Stores Group, the
Consumer Group and the Global Group. Commenting on Mr. Morikis'
appointment, Christopher M. Connor, Chairman and CEO, said, "We are
extremely pleased that our Board of Directors has appointed John as
our President and Chief Operating Officer. John has had a long and
distinguished career with our Company, rising up through the ranks to
achieve this position. John's success over the years has been due to
his focus on meeting customer needs, understanding the coatings market
and his dedication to hiring and developing terrific management teams.
I fully expect that John will bring the same energy and passion to
this new role, and he will help Sherwin-Williams continue to meet the
expectations of our customers, shareholders and employees."
The Board of Directors also appointed Steven J. Oberfeld as
President, Paint Stores Group, succeeding Mr. Morikis. Mr. Oberfeld is
also a twenty-two year employee of the Company. Mr. Oberfeld has
served as President & General Manager, South Western Division of the
Paint Stores Group since 1992. He has led the Company's growth in many
of its largest architectural and industrial marine markets, including
Texas, California, Arizona and Kansas. Mr. Oberfeld, 54, earned a
degree in business from the University of Minnesota. Commenting on Mr.
Oberfeld's appointment, Mr. Connor said, "Steve Oberfeld has been an
outstanding manager for our Company for a long time, managing one of
the largest businesses we have. I am confident that Steve will provide
the direction and leadership to the Paint Stores Group in continuing
our growth and meeting the needs of our customers. I am also pleased
that our management development and succession plans have allowed us
to promote highly qualified performers to their new roles, insuring
continuity of our business plans and processes."
The Sherwin-Williams Company, founded in 1866, is one of the
world's leading companies engaged in the manufacture, distribution and
sale of coatings and related products to professional, industrial,
commercial and retail customers.
www.sherwin.com