Sherwin-Williams Executive Chairman John Morikis to Retire; President and CEO Heidi Petz Elected Chair

Leadership Transition - John G. Morikis will retire as Executive Chairman effective December 31, 2024, after a 40-year career with Sherwin-Williams [1] - Heidi G. Petz has been elected to assume the role of Chair of the Board effective January 1, 2025, while she continues as President and CEO [1][2] - The leadership transition is described as a defined and thoughtful process, with the Board believing that having Heidi serve as both CEO and Chair provides unified leadership [3] Company Performance and Future Outlook - Ms. Petz expressed gratitude for Mr. Morikis's leadership, noting that his dedication resulted in strong and sustained performance for the company [2] - The company is positioned well for future growth, building on the foundation laid by Mr. Morikis [4] Company Overview - Sherwin-Williams, founded in 1866, is a global leader in manufacturing, developing, distributing, and selling paint, coatings, and related products [4] - The company operates over 5,000 stores and offers products under well-known brands such as Sherwin-Williams®, Valspar®, and Krylon® [4]