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Graco Names Claudio Merengo an Executive Officer

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Graco Inc. (NYSE:GGG) has appointed Claudio Merengo as an executive officer as of January 1, 2023. Merengo, who has served as President of Worldwide Gema, has been with Gema for 28 years and is credited with driving growth in powder coating equipment since Graco acquired the company in 2012. Graco's President and CEO, Mark Sheahan, commended Merengo's leadership, noting Gema's significant contributions to the company's revenue and earnings.

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  • Claudio Merengo appointed as an executive officer, effective January 1, 2023.
  • Merengo has a 28-year tenure at Gema, ensuring continuity in leadership.
  • Gema has been a reliable revenue and earnings driver since its acquisition in 2012.
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MINNEAPOLIS--(BUSINESS WIRE)-- Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, announced today that Claudio Merengo, President, Worldwide Gema, has been appointed an executive officer effective January 1, 2023.

Gema is a leading worldwide supplier of powder coating equipment and systems, headquartered in Switzerland. Since Graco acquired Gema in 2012, the business has produced consistent growth and innovation.

“Under Claudio’s leadership, Gema has been a consistently strong performer within Graco for more than a decade and is a leader in powder coating equipment and systems worldwide,” said Mark Sheahan, Graco’s President and CEO. “Adding Claudio to Graco’s executive leadership team recognizes the excellent work that he has done to make Gema an important revenue and earnings driver for the Company.”

Mr. Merengo has been with Gema for 28 years, most recently as President, Worldwide Gema. Prior to that role he was President of Gema, Europe and the Managing Director of Gema, Switzerland.

ABOUT GRACO

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense, and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.

Investors: David Lowe, 612-623-6456

Media: Taylor Juve, 612-623-6153

Taylor_M_Juve@graco.com

Source: Graco Inc.

FAQ

What recent leadership change occurred at Graco Inc. (NYSE:GGG)?

Claudio Merengo was appointed as an executive officer effective January 1, 2023.

How long has Claudio Merengo been with Gema before his new appointment at Graco?

Claudio Merengo has been with Gema for 28 years.

What has been Gema's contribution to Graco since its acquisition?

Gema has been a consistent revenue and earnings driver for Graco since its acquisition in 2012.

Graco Inc

NYSE:GGG

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167.21M
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Specialty Industrial Machinery
Pumps & Pumping Equipment
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United States of America
MINNEAPOLIS