MEDINA, Ohio, Jan. 26 /PRNewswire-FirstCall/ -- RPM International Inc.
(NYSE: RPM) announced today that its board of directors has appointed
Frederick R. Nance (53) to Class III of the company's board of directors. The
company also announced that Max D. Amstutz (78) retired from the board after
12 years of service. Mr. Nance's term will expire in 2008, at which time he
will stand for re-election to the board by the company's stockholders. He
will serve on the board's governance and nominating committee.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070126/CLF019 )
Mr. Nance is currently the managing partner of the Cleveland office of
Squire, Sanders & Dempsey L.L.P., an international law firm with 800 attorneys
and 30 offices worldwide. Mr. Nance joined Squire, Sanders & Dempsey in 1978
following graduation from the University of Michigan law school, and became
partner in 1987. He also serves as chairman of the Greater Cleveland
Partnership, the nation's largest chamber of commerce, and is on the executive
committee of the Ohio Business Roundtable. He is a member of the board of
directors of The Cleveland Foundation and BioEnterprise, Inc. and a member of
the board of trustees of the Cleveland Clinic. He holds a B.A. from Harvard
"Fred Nance brings an exceptionally diverse business and legal background
to RPM's board," said Frank C. Sullivan, president and chief executive
officer. "His experience and national recognition in representing public
companies, civic organizations and high profile individuals in complex
business transactions and high stakes litigation matters will add a wealth of
unique expertise to our board," Sullivan said. "This underscores our
commitment to recruit qualified board members who can best represent the
interests of our shareholders and support the long term, profitable growth of
our various businesses."
"We are indebted to Max Amstutz, who served as a director of RPM for 12
years, and helped guide our growth to more than $3 billion in sales from $1
billion. His global business experience and perspective in international
markets was particularly valuable in guiding our recent international growth.
RPM's board and management team appreciate his loyal service, contributions
and counsel," Sullivan said. "Over time we expect to attract additional
directors who, like Max, can help direct and guide from their own
international business experience our worldwide growth objectives." In
commenting on his tenure as a director of RPM, Mr. Amstutz stated that "it was
an honor to serve during a period of substantial expansion and profitable
RPM International Inc., a holding company, owns subsidiaries that are
world leaders in specialty coatings and sealants serving both industrial and
consumer markets. RPM's industrial products include roofing systems, sealants,
corrosion control coatings, flooring coatings and specialty chemicals.
Industrial brands include Stonhard, Tremco, illbruck, Carboline, Day-Glo, Euco
and Dryvit. 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. Consumer brands include Zinsser,
Rust-Oleum, DAP, Varathane, Bondo and Testors.
SOURCE RPM International Inc.
CONTACT: P. Kelly Tompkins, executive vice president and chief
administrative officer of RPM International Inc., 1-330-273-8883, or
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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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