1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
Wide-moat-rated Graco announced the appointment of Mark W. Sheahan, the firm’s current chief financial officer, as president and chief executive officer, effective June 10, 2021. Concurrent with his appointment as CEO, Sheahan will also join the board of directors. He will succeed Patrick J. McHale, the firm's CEO since 2007, who announced his intention to retire. McHale will stay with Graco through Sept. 15, 2021, to assist with the transition.
Graco is a manufacturer of equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco’s business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $1.7 billion in sales and $410 million in operating income in 2020.
