RPM International Inc. (NYSE: RPM) today announced that Craig Morford has stepped down from his position on the RPM board of directors as a result of his retirement from Cardinal Health and his acceptance of a new executive position at a company in the energy industry that does not have senior leaders serving on other public company boards.
During his time as director, Craigs business acumen and deep experience in a variety of legal and compliance matters brought valuable insight to our organization, stated Frank C. Sullivan, chairman and CEO of RPM. Were grateful for the significant contributions he made while serving on RPMs board for the past six years, and we wish him the best.
Morford was elected to the RPM board of directors in 2013 after a distinguished 20-year career with the U.S. Department of Justice, which included an appointment by President George W. Bush as acting U.S. deputy attorney general. In 2008, he joined Cardinal Health as chief compliance officer and later became chief legal and compliance officer, a position he has held for the past decade.
Following Craigs departure, our board will be comprised of 12 members. With the recent appointments of Kirk Andrews and John Ballbach this past year, we believe RPMs board remains sufficiently staffed in the key skill sets and expertise that are necessary for strong corporate governance, added Sullivan. We dont anticipate appointing any additional board members at this time.
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. RPMs industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Euclid 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, DAP, Zinsser, Varathane and Testors. RPMs 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, Dryvit, RPM Wood Finishes, Mantrose-Haeuser, Legend 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 Russell L. Gordon, vice president and chief financial officer, at 330-273-5090 or [email protected].
Russell L. Gordon, 330-273-5090
vice president and chief financial