Sherwin-Williams names new CEO

Sherwin-Williams announced that its board of directors has elected Heidi G. Petz to serve as the company’s next CEO, effective January 1, 2024.

Petz, 48, who has served as president and COO of Sherwin-Williams for the last two years, will assume the CEO duties held by John G. Morikis, current chairman and CEO. Petz will continue to serve as president.

“Heidi becomes only the tenth CEO in the 157-year history of the company. Supported by a deep and experienced senior leadership team, she is the right leader to accelerate achievement of the company’s growth and profitability goals,” said Morikis.

Prior to serving as the company’s president and COO, Petz served as president of the Americas group.

Previous to that role, she served as president of the consumer brands group, successfully leading both of these global businesses through some of the most challenging periods in the company’s history, said the firm.

Petz joined the company in June, 2017, in connection with the Valspar acquisition.

Prior to joining Valspar in 2013, she held various leadership positions with Target Corporation, Newell Rubbermaid and PriceWaterhouseCoopers.

Morikis, the CEO since 2016, will continue to serve as executive chairman.

In addition, the board increased its size from 10 to 11 members and elected Petz to fill the resulting vacancy, effective October 10, 2023.