Industry News

William L. Mansfield Becomes Valspar CEO; Rompala to Continue as Chairman of the Board

Published on 2005-02-24. Author : SpecialChem

MINNEAPOLIS -- In accordance with the previously announced management transition plan approved by Valspar's Board of Directors, William L. Mansfield was elected Valspar's President and Chief Executive Officer, succeeding Richard M. Rompala. Mr. Rompala will continue as Chairman of the Board.

Mansfield, 56, joined Valspar in 1984. In April, 2004 he was named Chief Operating Officer with responsibility for all of Valspar's business groups. He has a BS in engineering from Drexel University and an MBA from Lehigh University.

With fiscal 2004 sales of $2.4 billion, Valspar (NYSE: VAL - News) is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings and specialty polymers and colorants.

Valspar shares are traded on the New York Stock Exchange under the symbol VAL

Source: The Valspar Corporation

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