The next CEO of Sherwin-Williams will aid the company by strengthening its market position and consolidating the production of paints and coatings.
The international paints and coatings manufacturer Sherwin-Williams
has announced that its Board of Directors elected Heidi G. Petz as the next Chief Executive Officer of the company, effective from 1st January 2024. She is currently the president and Chief Operating Officer of Sherwin-Williams and will succeed to John Morikis, while also maintaining her current presidential role.
Petz has a deep experience and knowledge of the coating industry and covered several prestigious roles in this sector. Before joining the company in 2017, she worked for important multinational companies, such as The Americas Group, the Brands Group, Target Corporation and Newell Rubbermaid. She holds a bachelor's degree in business and leadership from the University of Richmond (United States of America) as well as an MBA from the Loyola University Maryland (U.S.A.).
Furthermore, Petz serves on the Board of Directors of Ulta Beauty, on the Board of the University Hospitals Health System in Cleveland (Ohio, U.S.A.) and is also a member of the Harvard Joint Center for Housing Studies Policy Advisory Board.
“Today's announcement follows a comprehensive process and multi-year organizational succession plan to identify the best candidate to lead the Company. Heidi has been an invaluable member of my leadership team, demonstrating a record of driving growth and operational excellence that has generated increased value for our customers, shareholders and employees. With this transition, Heidi becomes only the tenth CEO in the 157-year history of the Company. Supported by a deep and experienced senior leadership team, she is the right leader to accelerate achievement of the Company's growth and profitability goals,” has commented Morikis.
“The selection of Heidi as CEO is the result of a well-developed and thoughtful process to ensure a seamless leadership transition that focuses on strength, momentum and growth. We are pleased John has agreed to remain in his role as Executive Chairman, continuing an incredible career that began 39 years ago as a member of one of the first Sherwin-Williams management trainee classes, progressing through numerous roles of increasing responsibility, and ultimately ascending to CEO. On behalf of the entire Board, we thank John for his extraordinary leadership, commitment and dedication to Sherwin-Williams, as well as his many accomplishments and business decisions that drove the Company's strong performance and unprecedented growth during his tenure as CEO,” has added Jeff Fettig, the Lead Director of Sherwin-Williams.