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4-Traders Homepage  >  Equities  >  Nyse  >  Sherwin-Williams Co    SHW

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Sherwin-Williams Company : The Sherwin-Williams Company Elects New Director

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04/19/2012 | 05:46pm CET
The Sherwin-Williams Company Elects New Director Richard J. Kramer, Chairman, CEO and President of Goodyear Tire & Rubber joins the Board

CLEVELAND, OHIO, April 19, 2012 - The Sherwin-Williams Company (NYSE: SHW) announced that Richard J. Kramer was elected to the Board of Directors of Sherwin-Williams at the company's annual meeting.  Mr. Kramer, 48, is Chairman of the Board, Chief Executive Officer and President of The Goodyear Tire & Rubber Company.  Mr. Kramer was appointed to the Audit Committee of the Board. 

"We are delighted to welcome Rich to our Board of Directors," commented Chris Connor, Chairman and Chief Executive Officer of Sherwin-Williams. "Rich has demonstrated strong leadership for over 12 years at Goodyear, and his broad financial and international experience will serve the Board and our shareholders well.  We look forward to his contributions to Sherwin-Williams for many years."

Mr. Kramer has served as Chairman of the Board, Chief Executive Officer and President of Goodyear since 2010. Mr. Kramer joined Goodyear in 2000 and has held various positions including Chief Operating Officer; President, North American Tire; Executive Vice President and Chief Financial Officer; Senior Vice President, Strategic Planning and Restructuring; Vice President, Finance - North American Tire; and Vice President - Corporate Finance. Prior to joining Goodyear, Mr. Kramer was with PricewaterhouseCoopers LLP for 13 years. Mr. Kramer is also a Director of Goodyear and a Trustee of John Carroll University.

About Sherwin-Williams:

Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of coatings and related products to professional, industrial, commercial, and retail customers.

With 32,000 associates and $8.76 billion in sales, S-W is the USA's #1 paint and coatings company; #3 in the world.
The company manufactures products under well-known brands such as Sherwin-Williams®, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®, Ronseal™, Becker Acroma™, Sayerlack®, Euronavy®, Altax™ and many more.
With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 4,000 company-operated stores and facilities, while the company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors.
The Sherwin-Williams Global Finishes Group delivers a wide range of products to the automotive refinishes, product finishes, and protective and marine markets in 116 countries around the world.www.sherwin.com.

Investor Relations Contact Bob Wells, Senior Vice President, Corporate Communications and Public Affairs, Sherwin-Williams, Direct: 216.566.2244, rjwells@sherwin.com Media Contact Mike Conway, Director, Corporate Communications, Sherwin-Williams, Direct: 216.515.4393 Pager: 216.422.3751, mike.conway@sherwin.com
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Financials ($)
Sales 2017 12 531 M
EBIT 2017 1 986 M
Net income 2017 1 292 M
Debt 2017 218 M
Yield 2017 1,10%
P/E ratio 2017 24,26
P/E ratio 2018 20,31
EV / Sales 2017 2,33x
EV / Sales 2018 2,15x
Capitalization 29 028 M
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Average target price 322 $
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John G. Morikis Chairman, President & Chief Executive Officer
Allen J. Mistysyn Chief Financial Officer & SVP-Finance
Susan J. Kropf Independent Director
David F. Hodnik Independent Director
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