Analyst Note| Krzysztof Smalec, CFA |
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.