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Sherwin-Williams COO, President Resigns

Friday, March 12, 2021

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Global coatings firm The Sherwin-Williams Company announced at the beginning of the month that David B. Sewell, President and Chief Operating Officer, notified the company of his decision to resign.

According to the company, Sewell is resigning to become the chief executive officer of another company outside of the coatings industry. The move takes effect at the close of business today (March 12).

M.O. Stevens, CC BY-SA 3.0, via Wikimedia Commons

Global coatings firm The Sherwin-Williams Company announced at the beginning of the month that David B. Sewell, President and Chief Operating Officer, notified the company of his decision to resign.

We thank David for his many contributions to Sherwin-Williams over his 14 years with the Company, and we wish him much success in his future endeavors,” said Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis.

Our deep and experienced global team continues to move forward with great momentum, focused on delivering solutions to our customers and executing on initiatives that will drive sustained long-term success.

According to Sherwin, Sewell’s role will not be filled immediately; instead, Morikis will serve as President in addition to his current role and assume the additional duties and responsibilities.

Recent Business

Sherwin-Williams company released its 2020 fourth-quarter and year-end financial results on Jan. 28, reporting consolidated net sales at a 2.6% increase for the year, and a 9.1% increase for the quarter.

That brought the net sales for quarter to $4.49 billion and net sales for the year to $18.36 billion.

The company attributed these increases to higher sales in most of its Consumer Brands Group’s retail customers across the United State and Europe, with particularly higher sales in residential repaint, DIY and new residential projects.

These sales were “partially offset by the impacts of COVID-19” in other markets, though, such as the Performance Coatings Group.

   

Tagged categories: Asia Pacific; Business matters; EMEA (Europe, Middle East and Africa); Good Technical Practice; Latin America; North America; Personnel; Personnel changes; Sherwin-Williams; Z-Continents

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