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Posted 01 March, 2021

SHERWIN WILLIAMS CO appointed new CEO

CEO Change detected for ticker NYSE:SHW in a 8-K filed on 01 March, 2021.


  Also on March 1, 2021, the Board of Directors (the "Board") of Sherwin-Williams elected John G. Morikis, Sherwin-Williams' Chairman and Chief Executive Officer, to the additional position of President, effective March 12, 2021.  

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Overview of SHERWIN WILLIAMS CO
Retail/Wholesale • Home Goods Retail
The Sherwin-Williams Co. engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings. The Consumer Brands Group segment sells portfolios of branded and private-label products and operates a global supply chain for paint and coatings. The Performance Coating Group segment offers coatings and finishes, and sells in the industrial wood, protective and marine, coil, packaging, and automotive markets. The company was founded by Henry Sherwin and Edward Williams in 1866 and is headquartered in Cleveland, OH.
Market Cap
$85.8B
View Company Details
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On March 1, 2021, David B. Sewell notified The Sherwin-Williams Company ("Sherwin-Williams") of his decision to resign from his position as President and Chief Operating Officer of Sherwin-Williams, effective March 12, 2021. 

Also on March 1, 2021, the Board of Directors (the "Board") of Sherwin-Williams elected John G. Morikis, Sherwin-Williams' Chairman and Chief Executive Officer, to the additional position of President, effective March 12, 2021. Mr. Morikis will assume Mr. Sewell's primary duties and responsibilities, and will also continue to serve in his current role with Sherwin-Williams. 

Mr. Morikis, age 57, has served as Sherwin-Williams' Chairman since January 2017 and Chief Executive Officer since January 2016. Mr. Morikis previously served as Sherwin-Williams' President from October 2006 to March 2019 and Chief Operating Officer from October 2006 to January 2016. Mr. Morikis has served as a Director since October 2015 and has been employed with Sherwin-Williams since December 1984. 

There are no family relationships between Mr. Morikis and any director or executive officer of Sherwin-Williams. There are no related party transactions involving Mr. Morikis that are reportable under Item 404(a) of Regulation S-K. There were no changes to Mr. Morikis' current compensatory arrangements with Sherwin-Williams related to his election as President.