Sherwin-Williams names Heidi Petz as next CEO; Morikis to become Executive Chairman

SHERWIN WILLIAMS CO

John G. Morikis retiring as CEO effective Dec 31, 2023; will remain Executive Chairman.
Heidi G. Petz, current President/COO, elected CEO effective Jan 1, 2024; also joined Board.
Board expanded from 10 to 11 members; Petz elected director effective Oct 10, 2023.
Petz's compensation: base salary $1.3M, target bonus 160% of salary, 44,100 stock options.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Heidi G. Petz

Chief Executive Officer

SHW · SHERWIN WILLIAMS CO

Effective: 2024-01-01
Filed: October 11, 2023, 7:59 PM ET

the Board of Directors (the "Board") of Sherwin-Williams elected Heidi G. Petz, age 48, to serve as Chief Executive Officer of Sherwin-Williams, effective January 1, 2024.

Appointed

Heidi G. Petz

Director

SHW · SHERWIN WILLIAMS CO

Effective: 2023-10-10
Filed: October 11, 2023, 7:59 PM ET

the Board increased its size from ten to eleven members and elected Ms. Petz to fill the resulting vacancy, effective October 10, 2023.

Role change

John G. Morikis

Executive Chairman

SHW · SHERWIN WILLIAMS CO

Effective: 2023-12-31
Successor: Heidi G. Petz
Filed: October 11, 2023, 7:59 PM ET

John G. Morikis, Chairman and Chief Executive Officer of The Sherwin-Williams Company ("Sherwin-Williams"), notified Sherwin-Williams that he has decided to retire from his position as Chief Executive Officer, effective as of the close of business on December 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Heidi G. Petz was elected as Chief Executive Officer at SHERWIN WILLIAMS CO.

Action: elected
Role: Chief Executive Officer

Exact text from the filing

the Board of Directors (the "Board") of Sherwin-Williams elected Heidi G. Petz, age 48, to serve as Chief Executive Officer of Sherwin-Williams, effective January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Heidi G. Petz was elected as Director at SHERWIN WILLIAMS CO.

Action: elected
Role: Director

Exact text from the filing

the Board increased its size from ten to eleven members and elected Ms. Petz to fill the resulting vacancy, effective October 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John G. Morikis changed role as Executive Chairman at SHERWIN WILLIAMS CO.

Action: retired as Chief Executive Officer
Role: Executive Chairman

Exact text from the filing

John G. Morikis, Chairman and Chief Executive Officer of The Sherwin-Williams Company ("Sherwin-Williams"), notified Sherwin-Williams that he has decided to retire from his position as Chief Executive Officer, effective as of the close of business on December 31, 2023.

View on SEC.gov

SHERWIN WILLIAMS CO filing history →

Source: SEC EDGAR

accession 0001193125-23-253865

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