Sherwin-Williams CEO John Morikis to Step Down
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)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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