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Sherwin-Williams COO to step down

March 05/2021

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.

Sewells position will not be filled immediately, with CEO John Morikis assuming Sewells 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.
Author:Margaret Volkova
Tags:propylene, ethylene, coatings, petrochemistry, adhesives, paints and coatings, Russia, USA.
Category:General News
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