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Valspar, JLG See Shifts at the Helm

Monday, June 11, 2012

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Valspar Corp.’s president and CEO has added the hat of board chairman, while access equipment leader JLG Industries has named a new president, the companies have announced.

Valspar Changes Chairs

At Minneapolis-based Valspar, the world’s sixth-largest paint and coatings company, president and chief executive officer Gary E. Hendrickson has taken on the additional role of chairman of the Board of Directors.

Hendrickson succeeds William L. Mansfield, who retired after serving as chairman since August 2007. Mansfield had also been chief executive officer from 2005 to 2011 and president from 2005 to 2008.

Valspar Corp. president and CEO Gary Hendrickson adds the title of chairman of the board.

Hendrickson was named Valspar’s president and chief operating officer (COO) in 2008. He became president and CEO in June 2011 and had been expected to assume Mansfield’s board position as well.

“Gary’s proven leadership, deep understanding of the coatings industry and his vision for Valspar’s long-term growth make him uniquely qualified to lead our board,” said Jeffrey H. Curler, the company’s lead director.

“His appointment completes the transition plan we have had in place since Gary became CEO a year ago. We thank Bill for his many contributions to Valspar and wish him well in his retirement.”

Hendrickson, a Harvard MBA, joined Valspar in 1994 and has held a variety of senior leadership roles.

JLG Lifts Leaders

JLG Industries Inc., a global manufacturer of aerial work platforms, has named Frank Nerenhausen company president. Nerenhausen also becomes president of the Access Equipment segment of JLG’s parent company, Oshkosh Corp.

Nerenhausen had been executive vice president of Oshkosh Corp.’s Commercial segment. At JLG, he succeeds Wilson Jones, who becomes president and COO of Oshkosh.

Frank Nerenhausen becomes president of JLG Industries and president of the Access Equipment segment for JLG’s parent company, Oshkosh Corp.

Jones had led JLG and Oshkosh’s Access Equipment segment since 2010. He is credited with accelerating the business’s global expansion and new product development. The segment’s sales for fiscal 2012 are expected to be up 35-40 percent over fiscal 2011.

Oshkosh, WI-based JLG is the world’s leading designer, manufacturer and marketer of access equipment.