|
MOSCOW (MRC) -- Sherwin-Williams (SW)
says president and COO David Sewell will step down effective 12 March to become
CEO of an undisclosed company outside the coatings industry, reported Chemweek.
Sewell’s position will not be
filled immediately, with CEO John Morikis assuming Sewell’s responsibilities in
addition to his current role on a temporary basis.
Sewell joined SW in
2006, and was named COO in 2019.
As MRC informed before,
in late February 2021, The Sherwin-Williams Company announced it had signed a
purchase agreement with global coatings company Hempel A/S to divest Wattyl, an
Australian and New Zealand manufacturer and seller of architectural and
protective paint and coatings with annual revenue of approximately USD200
million USD and 750 employees.
We remind that
Russia's output of chemical products rose in November 2020 by 9.5% year on year.
At the same time, production of basic chemicals increased in the first eleven
months of 2020 by 6.6% year on year, according to Rosstat's data. According to
the Federal State Statistics Service of the Russian Federation, polymers in
primary form accounted for the greatest increase in the January-November 2020
output. November production of polymers in primary form rose to 896,000 tonnes
from 852,000 tonnes in October. Overall output of polymers in primary form
totalled 9,240,000 tonnes over the stated period, up by 17.1% year on
year. |
