Sherwin-Williams Announces Resignation of President and Chief Operating Officer
The Sherwin-Williams Company (NYSE: SHW) announced the resignation of President and COO David B. Sewell, effective March 12, 2021, as he takes a CEO position outside the coatings industry. Chairman and CEO John G. Morikis expressed gratitude for Sewell's 14 years of service. Morikis will also take on the President role, overseeing Sewell's duties during this transition. The company remains focused on delivering customer solutions and executing initiatives for long-term success.
- John G. Morikis will take over Sewell's responsibilities, ensuring continuity in leadership.
- The company maintains a deep and experienced global team, poised for sustained long-term success.
- Resignation of a high-level executive may create uncertainty about leadership stability.
- Transition period without an immediate appointment for COO could lead to operational challenges.
CLEVELAND, March 1, 2021 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) ("Sherwin-Williams" or the "Company") today announced that David B. Sewell, President and Chief Operating Officer, has notified the Company of his decision to resign effective as of the close of business on March 12, 2021, to become chief executive officer of another company outside of the coatings industry.
"We thank David for his many contributions to Sherwin-Williams over his 14 years with the Company, and we wish him much success in his future endeavors," said Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis. "Our deep and experienced global team continues to move forward with great momentum, focused on delivering solutions to our customers and executing on initiatives that will drive sustained long-term success."
Mr. Sewell's Chief Operating Officer role will not be filled immediately. Mr. Morikis will serve as President in addition to his current role and assume Mr. Sewell's primary duties and responsibilities.
About The Sherwin-Williams Company
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®, Cabot®, and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 4,900 Company-operated stores and facilities, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad 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 traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.
Investor Relations Contacts:
Jim Jaye
Senior Vice President, Investor Relations & Corporate Communications
Direct: 216.515.8682
james.r.jaye@sherwin.com
Eric Swanson
Vice President, Investor Relations
Direct: 216.566.2766
eric.r.swanson@sherwin.com
Media Contact:
Julie Young
Vice President, Global Corporate Communications
Direct: 216.515.8849
corporatemedia@sherwin.com
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SOURCE The Sherwin-Williams Company
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