MEDINA, Ohio--(BUSINESS WIRE)--Jul. 18, 2017--
International Inc. (NYSE: RPM) today announced that it has
appointed Julie A. Lagacy to its board of directors effective
immediately, and has nominated Robert A. Livingston as a director
candidate for election to the board at RPM’s annual stockholders’
meeting on October 5, 2017. Lagacy is vice president of global
information services and chief information officer at Caterpillar Inc.,
and Livingston is president and CEO of Dover Corporation.
This Smart News Release features multimedia. View the full release here:
Julie A. Lagacy Named to RPM Board of Directors (Photo: Business Wire)
Lagacy replaces Dr. Jerry Sue Thornton, who retired from the RPM board
today after nearly 18 years of service. Thornton is the retired
president of Cuyahoga Community College, a position she held from 1992
to 2013. “Jerry Sue brought tremendous perspectives on leadership,
management and community engagement to RPM, and I am grateful for her
thoughtful guidance. During her tenure with RPM, sales grew from $1.7
billion in 1999 to approximately $5 billion today. Our shareholders were
rewarded with an annual dividend that increased from $0.465 per share to
$1.20 per share during that timeframe,” stated Frank C. Sullivan, RPM
chairman and CEO.
Caterpillar is a manufacturer of construction and mining equipment,
diesel and natural gas engines, industrial gas turbines and
diesel-electric locomotives with 2016 sales and revenues of $38.5
billion. It is publicly traded on the New York Stock Exchange (NYSE).
Lagacy joined Caterpillar in 1988 and has held management positions as
product and commercial manager, human resources manager, chief financial
officer of its Global Mining Division and vice president of the Finance
Services Division. She has served in her current role as vice president
of global information services and chief information officer since 2014.
Lagacy earned dual bachelor's degrees in management and economics from
Illinois State University, an MBA degree from Bradley University and is
a certified management accountant.
Dover is a diversified global manufacturer with annual revenues
exceeding $7 billion. It is publicly traded on the NYSE and has 29,000
employees worldwide. Dover provides equipment and components, specialty
systems, software and digital solutions, and support services in the
energy, engineered systems, fluids, and refrigeration and food equipment
markets. Livingston joined Dover in 1983 when it acquired K&L Microwave,
where he served as vice president of finance. He went on to hold
management positions of increasing responsibility with several Dover
business units, including serving as president and CEO of Dover
Electronics, Inc. and Dover Engineered Systems, Inc. He was promoted to
his current position as president and CEO of Dover Corporation in 2008.
Livingston received a bachelor’s degree in business administration from
“Julie and Bob have extensive experience in management, finance,
strategy, technology, acquisitions and capital allocation. I welcome the
innovative ideas and perspectives that they will bring to drive RPM’s
growth and value for our stockholders,” stated Sullivan.
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,
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,
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,
Wood Finishes, Mantrose-Haeuser,
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 email@example.com.
This press release contains "forward-looking statements" relating to our
business. These forward-looking statements, or other statements made by
us, are made based on our expectations and beliefs concerning future
events impacting us, and are subject to uncertainties and factors
(including those specified below) which are difficult to predict and, in
many instances, are beyond our control. As a result, our actual results
could differ materially from those expressed in or implied by any such
forward-looking statements. These uncertainties and factors include (a)
global markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability of
capital and the effect of changes in interest rates, and the viability
of banks and other financial institutions; (b) the prices, supply and
capacity of raw materials, including assorted pigments, resins, solvents
and other natural gas- and oil-based materials; packaging, including
plastic containers; and transportation services, including fuel
surcharges; (c) continued growth in demand for our products; (d) legal,
environmental and litigation risks inherent in our construction and
chemicals businesses and risks related to the adequacy of our insurance
coverage for such matters; (e) the effect of changes in interest rates;
(f) the effect of fluctuations in currency exchange rates upon our
foreign operations; (g) the effect of non-currency risks of investing in
and conducting operations in foreign countries, including those relating
to domestic and international political, social, economic and regulatory
factors; (h) risks and uncertainties associated with our ongoing
acquisition and divestiture activities; (i) risks related to the
adequacy of our contingent liability reserves; and (j) other risks
detailed in our filings with the Securities and Exchange Commission,
including the risk factors set forth in our Annual Report on Form 10-K
for the year ended May 31, 2016, as the same may be updated from time to
time. We do not undertake any obligation to publicly update or revise
any forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170718005183/en/
Source: RPM International Inc.
RPM International Inc.
Barry M. Slifstein, vice president –
investor relations, 330-273-5090