Valspar Corp. president and chief operating officer Gary E. Hendrickson will succeed William L. Mansfield as the company’s chief executive officer, effective June 1, the company’s Board of Directors has announced.
Mansfield, who has been CEO since 2005, will continue as chairman of the board.
“Gary and I have worked closely together in developing Valspar's long-term strategy for growth,” said Mansfield. “His exceptional record of success as president and chief operating officer, extensive international experience, and in-depth knowledge of the global coatings industry make him an outstanding choice for CEO.”
“Gary's appointment results from the Board's longstanding succession planning process.”
Company, Navy Veteran
Hendrickson has been president and COO of the Minneapolis-based paint and coating company since February 2008.
He joined Valspar's packaging business in 1994 after serving 11 years in the U.S. Navy, where he rose to the rank of Lieutenant Commander. In 1998, Hendrickson moved to Australia to lead the company's Asia Pacific business.
In 2001, he relocated to Hong Kong and was named an officer of the company. In 2004, he became group vice president, Global Wood Coatings, in addition to his role as president, Valspar Asia Pacific. In 2005, Hendrickson was named senior vice president and assumed additional responsibility for Valspar's Consumer business. He holds a bachelor's degree from the University of Connecticut and an MBA from Harvard University.
Arnold Named Chief Technology Officer
Cynthia A. Arnold, Ph.D., has joined Valspar as Senior Vice President and Chief Technology Officer, with responsibility for Valspar’s global technology activities.
Arnold, who becomes an officer of the company, most recently served as Chief Technology Officer for Sun Chemical. Before that, she was Vice President, Technology, Coatings Adhesives and Specialties, for Eastman Chemical.
She also held several R&D and business leadership positions with GE, most recently as president of Exatec LLC, a joint venture of Bayer Polymers and GE Plastics. Before that, she was a Sloan Executive Science and Engineering Fellow in the Office of Science and Technology Policy at the White House.
Arnold holds a bachelor’s degree in chemical engineering; an MBA from the University of California, Berkeley; and a doctorate in materials science and engineering from Virginia Polytechnic Institute and State University.
Arnold succeeds Larry B. Brandenburger, Ph.D., Vice President, Research and Development, who retired from Valspar last month after 31 years of service.