President and COO Ronald A. Rice to Take Early Retirement
MEDINA, Ohio--(BUSINESS WIRE)--Jul. 6, 2018--
RPM
International Inc. (NYSE: RPM), a world leader in specialty
coatings and sealants, today announced a more streamlined senior
leadership structure as part of the initiatives underway to drive
greater operating efficiency across the organization. The Company said
that, effective July 6, 2018, its Group Presidents will report directly
to Chairman and Chief Executive Officer Frank Sullivan. As a result,
President and Chief Operating Officer Ronald A. Rice has decided to take
early retirement from the Company.
Mr. Sullivan commented, “For more than two decades, Ron has been a
valued member of our leadership team, and we appreciate his many
contributions in making RPM the industry leader it is today. Ron has
played a critical role in overseeing our day-to-day operations and
building our business, with annual revenues growing from $3.6 billion in
fiscal 2008 to approximately $5.0 billion in fiscal 2017 while he served
as President and Chief Operating Officer of the Company. We thank Ron
for his outstanding leadership over the years and wish him all the best
in his future successes.”
About RPM
RPM International Inc. owns subsidiaries that are world leaders in
specialty coatings, sealants, building materials and related services
across three segments. RPM’s industrial products include roofing
systems, sealants, corrosion control coatings, flooring coatings and
other construction chemicals. Industrial companies include Stonhard,
Tremco,
illbruck,
Carboline,
Flowcrete,
Euclid
Chemical and RPM
Belgium Vandex. RPM's consumer products are used by
professionals and do-it-yourselfers for home maintenance and improvement
and by hobbyists. Consumer brands include Rust-Oleum,
DAP,
Zinsser,
Varathane
and Testors.
RPM’s specialty products include industrial cleaners, colorants,
exterior finishes, specialty OEM coatings, edible coatings, restoration
services equipment and specialty glazes for the pharmaceutical and food
industries. Specialty segment companies include Day-Glo,
Dryvit,
RPM
Wood Finishes, Mantrose-Haeuser,
Legend
Brands, Kop-Coat
and TCI.
Additional details can be found at www.RPMinc.com
and by following RPM on Twitter at www.twitter.com/RPMintl.
For more information, contact Barry M. Slifstein, vice president –
investor relations, at 330-273-5090 or bslifstein@rpminc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180706005400/en/
Source: RPM International Inc.
RPM International Inc.
Barry M. Slifstein, 330-273-5090
vice
president – investor relations
bslifstein@rpminc.com
