Valspar names new chairman
Valspar Corp. has announced that its board of directors elected Gary Hendrickson, Valspar’s president and CEO, as chairman of the board, effective immediately. Hendrickson succeeds William Mansfield, who is retiring after serving as chairman since August 2007, as CEO from 2005 to 2011, and as president from 2005 to 2008.
The appointment completes a transition plan put in place a year ago, according to the Minneapolis-based paint and coatings manufacturer.
Hendrickson has served as president and CEO since June 2011. Prior to becoming CEO, he was Valspar’s president and chief operating officer for three years. Hendrickson joined Valspar’s packaging business in 1994 and has held a variety of senior leadership roles, including group VP global wood coatings, president of Valspar Asia Pacific and senior VP Valspar’s consumer business.
EPA, NIH seek pollution solution
The National Institutes of Health (NIH) and the Environmental Protection Agency (EPA) are sponsoring a nationwide competition offering awards to any company that develops a personal, portable sensor system that measures air pollution and a person’s physiological response to it.
The “My Air, My Health Challenge” will be formally announced on June 6 at the Health Data Initiative Forum III: The Health Datapalooza in Washington, D.C. Representatives from both the EPA and the NIH will be present.
For more information about the contest, click here.
Industry Confidence Index improves in May
The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index improved in May to 312.5 from 308.3 in April (October 2008 = 100), while the Future Expectations Index fell to 229.3 from 239.7.
In comparing current sales levels with year-ago levels, 75% of respondents said sales were higher in May versus year-ago levels, up from 74% in April. For May, 12% reported sales were even, and 12% said sales were below year-ago levels.
Looking forward six months, 62% of May respondents said they expect sales to be above current levels, the same as in April. In May, 25% said they expect sales to be even in six months and 12% expect sales to be below current levels.
“It is encouraging that 75% of our members responding to the survey report sales levels above year-ago levels,” said Timothy Farrell, president and CEO of the American Hardware Manufacturers Association. “However, we continue to keep a close eye on the challenging economic developments in Europe and the continuing slow pace of recovery here in the U.S. as we look to the future.”