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