MEDINA, Ohio, July 22 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that it appointed William B. Summers, Jr. to Class
III of the company's board of directors, which expires in 2005, at which time
he will stand for re-election by the company's stockholders. Mr. Summers (54)
succeeds E. Bradley Jones (75), who announced his retirement. Mr. Summers
will serve on the company's Audit Committee.
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William B. Summers, Jr. is currently chairman of McDonald Investments
Inc., joining the investment firm 33 years ago. He is a member of the board
of executives of the New York Stock Exchange, and serves on the board of
directors of Developers Diversified Realty Inc.; Wilson Greatbatch
Technologies, Inc.; and the advisory board of Molded Fiber Glass Companies.
From 1989-1992, he was on the board of governors of the National Association
of Securities Dealers, serving as its chairman in 1991. He was also a member
of the NASDAQ Stock Market board of directors from 1992-1994, serving as its
chairman in 1994.
"Bill Summers is a noted business leader with a deep understanding of the
financial markets," said Frank C. Sullivan, president and chief executive
officer. "We are very pleased to have an individual with Bill Summers' depth
of experience and knowledge join our board. Bill will add to the strong
ethics and oversight that has long been a hallmark of RPM's corporate
governance, and will be a great advocate for our shareholders."
Mr. Summers was appointed to replace E. Bradley Jones, who announced his
retirement from the board after serving for 14 years. "Brad has been an
instrumental advisor and valuable member of the RPM board, having been part of
our growth from $500 million to more than $2 billion," Sullivan said, "and we
appreciate his many contributions to RPM during that time. On behalf of the
board and the entire management team, I would like to thank Brad Jones for his
loyal service, invaluable counsel and many contributions to RPM over the
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings serving both industrial and consumer
markets. RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals. RPM's
consumer products are used by professionals and do-it-yourselfers for home
maintenance and improvement, automotive and boat repair and maintenance, and
by hobbyists. Leading industrial brands include Stonhard, Tremco, Carboline,
Day-Glo, Euco and Dryvit. Consumer brands include Zinsser, Rust-Oleum, DAP,
Varathane, Bondo and Testors.
For more information, contact Glenn R. Hasman, Vice President of Finance
and Communications, at 330-273-8820 or firstname.lastname@example.org.
SOURCE RPM International Inc.
CONTACT: Glenn R. Hasman, Vice President of Finance and Communications
of RPM International Inc., +1-330-273-8820, or email@example.com
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
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