People: The Valspar Corp (VAL)

VAL on New York Consolidated

78.18USD
23 Jul 2014
Price Change (% chg)

$-0.62 (-0.79%)
Prev Close
$78.80
Open
$78.78
Day's High
$78.87
Day's Low
$78.00
Volume
349,322
Avg. Vol
446,155
52-wk High
$82.00
52-wk Low
$61.13

Search Stocks

Summary

Name Age Since Current Position

Gary Hendrickson

57 2012 Chairman of the Board, President, Chief Executive Officer

James Muehlbauer

52 2013 Chief Financial and Administrative Officer, Executive Vice President

Rolf Engh

60 2005 Executive Vice President, General Counsel, Secretary

Cynthia Arnold

56 2011 Senior Vice President, Chief Technology Officer

Anthony Blaine

46 2007 Senior Vice President - Human Resources

Jeffrey Curler

63 Lead Independent Director

John Allen

56 2011 Independent Director

John Ballbach

53 2012 Independent Director

John Bode

66 2005 Independent Director

William Cook

60 2010 Independent Director

Shane Fleming

55 2013 Independent Director

Ian Friendly

53 2009 Independent Director

Janel Haugarth

58 2007 Independent Director

Mae Jemison

57 2002 Independent Director

Tyler Treat

IR Officer

Biographies

Name Description

Gary Hendrickson

Mr. Gary E. Hendrickson is Chairman of the Board, President, Chief Executive Officer of The Valspar Corp. Mr. Hendrickson has held his present positions as Chairman since June 2012, Chief Executive Officer since June 2011 and President since February 2008. Mr. Hendrickson served as Chief Operating Officer from February 2008 to June 2011. Mr. Hendrickson is also a director of Polaris Industries Inc. As the Chairman, Chief Executive Officer and President and the former Chief Operating Officer of the Corporation, Mr. Hendrickson has served the Corporation for many years in roles of increasing responsibility. He spent six years abroad as a regional executive in Asia Pacific, a strategic and fast-growing region. His familiarity with all aspects of the business and its operations, both in the U.S. and internationally, and experience with key customers and acquisitions qualify him to serve as a director. Mr. Hendrickson also serves as a director of another public company, Polaris Industries Inc., a global manufacturer and seller of off-road vehicles, including all-terrain vehicles and snowmobiles.

James Muehlbauer

Mr. James L. Muehlbauer has been appointed as the Chief Financial and Administrative Officer, Executive Vice President of The Valspar Corp., effective March 11, 2013. Mr. Muehlbauer has over 25 years of experience in senior leadership roles in both financial and operating activities. Most recently, Mr. Muehlbauer served as executive vice president and chief financial officer since 2008 for Best Buy Co., Inc., a consumer electronics retailer, where he worked for over ten years. Mr. Muehlbauer also held senior leadership roles at The Pillsbury Company and PriceWaterhouseCoopers.

Rolf Engh

Mr. Rolf Engh is an Executive Vice President, General Counsel, Secretary of The Valspar Corp. He was appointed as Executive Vice President since July 2005, General Counsel and Secretary since April 1993. Prior to July 2005, Mr. Engh was Senior Vice President since November 1998.

Cynthia Arnold

Dr. Cynthia A. Arnold is Senior Vice President, Chief Technology Officer of The Valspar Corp., since January 2011. Prior to January 2011, Ms. Arnold was Chief Technology Officer at Sun Chemical Corporation since July 2004.

Anthony Blaine

Mr. Anthony L. Blaine is Senior Vice President - Human Resources of The Valspar Corp. since January 2007. Prior to January 2007, Mr. Blaine was Vice President – Human Resources at MeadWestvaco Corporation since June 2001.

Jeffrey Curler

Mr. Jeffrey H. Curler is Lead Independent Director of The Valspar Corporation. Mr. Curler retired as Chairman Emeritus and a director from Bemis Company, Inc. in December 2011. Mr. Curler served as Executive Chairman of Bemis Company, Inc., a manufacturer of flexible packaging products and pressure sensitive materials, from May 2005 through August 2011 and was Chief Executive Officer from May 2000 through January 2008. Mr. Curler previously served as President from May 1996 through July 2007. Mr. Curler brings to the Board many years of experience as the former Chairman, and previously the Chief Executive Officer, of Bemis Company, Inc. He also has significant expertise in chemical engineering and the packaging industry, both of which are highly relevant to the Corporation’s business. Mr. Curler’s leadership skills, industry background and experience make him well qualified to serve as the Corporation’s Lead Director.

John Allen

Mr. Jack J. Allen is an Independent Director of The Valspar Corporation. Mr. Allen has held his present positions as Executive Vice President and Chief Operating Officer, of Navistar, Inc., since April 2013. Navistar, Inc. is the largest and core business group of Navistar International Corporation, a global manufacturer and supplier of commercial and military trucks, buses, diesel engines, chassis, service parts for trucks and trailers and a provider of financing for products sold by Navistar and its dealers. Prior to April 2013, Mr. Allen served as President, North American Truck and Parts Group from July 2012 to April 2013; President, North American Truck Group from November 2008 to July 2012; and President, Engine Group from February 2004 to November 2008. Mr. Allen brings to the Board extensive manufacturing and sales experience with branded industrial products. Mr. Allen’s current and past responsibilities have included acquisitions and global expansion, both of which are key elements of the Corporation’s strategy. Mr. Allen’s background and experience make him well qualified to serve as a director of the Corporation.

John Ballbach

Mr. John M. Ballbach is an Independent Director of The Valspar Corp. Mr. Ballbach served as Chairman of VWR International, LLC, a leading global laboratory supply and distribution company, from 2007 to 2012 and was President and Chief Executive Officer from 2005 to 2012. Mr. Ballbach is also a director of The Timken Company. Mr. Ballbach brings to the Board extensive business and industry experience as the former Chairman, President and Chief Executive Officer of VWR International, LLC. He is a former corporate officer of Valspar, having served as President and Chief Operating Officer from 2002 to 2004 and in various senior management positions from 2000. Mr. Ballbach’s global perspective, particularly in finance and strategy, together with his background in the Corporation’s business, allow him to contribute to the Corporation’s further expansion into high growth markets. Mr. Ballbach’s background and experience make him well qualified to serve as a director of the Corporation.

John Bode

Mr. John S. Bode is an Independent Director of The Valspar Corporation. Mr. Bode retired as Partner from KPMG LLP in January 2005. Mr. Bode was elected to the partnership in 1981. Prior to his retirement, Mr. Bode served as a Global Lead Partner. Mr. Bode currently provides various consulting services to certain companies and organizations. Mr. Bode is also a director of Titan Machinery Inc. Mr. Bode brings to the Board many years of experience as the lead audit partner for clients in the consumer products, manufacturing and other industries. Mr. Bode is well qualified to serve as a director based on his experience with accounting principles, financial controls and evaluating financial statements of public companies, particularly from an auditor’s perspective. Mr. Bode also serves as an independent director and Audit Committee Chair for another public company, Titan Machinery Inc., which owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe.

William Cook

Mr. William M. Cook is an Independent Director of The Valspar Corporation. Mr. Cook has held his position as Chairman of Donaldson Company, Inc., a global provider of air and liquid filtration systems, since August 2005, and his positions as Chief Executive Officer and President since August 2004. Prior to 2004, Mr. Cook served as Senior Vice President and Chief Financial Officer since 2001. Mr. Cook is also a director of Donaldson Company, Inc. and IDEX Corporation. Mr. Cook brings to the Board many years of experience as the Chairman, President and Chief Executive Officer of Donaldson Company, Inc. Donaldson operates globally and has a particular focus on research and development, giving Mr. Cook an understanding of the dynamics and challenges of developing new products and technologies for global markets. Mr. Cook’s leadership, background and experience qualify him to serve as a director of the Corporation. Mr. Cook also serves as a director of another public company, IDEX Corporation, an applied solutions company specializing in fluid and metering technologies, health and science technologies, dispensing equipment and fire, safety and other products.

Shane Fleming

Mr. Shane D. Fleming has been appointed as Independent Director of The Valspar Corp. Mr. Fleming has held his present positions as Chairman, President and Chief Executive Officer of Cytec Industries Inc., a global specialty material and chemical technologies company, since January 2009. Prior to 2009, Mr. Fleming served as President and Chief Operating Officer from June to December 2008 and as President, Cytec Specialty Chemicals, from October 2005 to June 2008. Mr. Fleming brings to the Board a deep understanding of the resin, polymer and specialty chemicals industries and many of the markets we serve, along with extensive international business experience. Mr. Fleming’s background and experience make him well qualified to serve as a director of the Corporation.

Ian Friendly

Mr. Ian R. Friendly is an Independent Director of The Valspar Corporation. Mr. Friendly has held his present positions as Executive Vice President and Chief Operating Officer, U.S. Retail, General Mills, Inc., since June 2006. Prior to 2006, Mr. Friendly served as Chief Executive Officer, Cereal Partners Worldwide, a joint venture between General Mills and Nestle, from June 2004 to May 2006. Mr. Friendly brings to the Board valuable retail and operating experience with a well-known branded consumer products company. Mr. Friendly’s qualifications to serve as a director include his extensive experience in building brands, launching new products and marketing, all of which are especially relevant to the Corporation’s Consumer product line. Mr. Friendly also offers a global business perspective to the Board, based on his experience with Cereal Partners Worldwide, a joint venture between General Mills and Nestle.

Janel Haugarth

Ms. Janel S. Haugarth is an Independent Director of The Valspar Corporation. Ms. Haugarth has held her present positions as Executive Vice President; President, Independent Business and Supply Chain Services, SUPERVALU INC., which operates retail food stores and provides food distribution and other supply chain services, since February 2013. Prior to February 2013, Ms. Haugarth served as Executive Vice President; President, Independent Business and Business Optimization, from October 2012 to February 2013; as Executive Vice President, Business Optimization and Process Improvement from August through October 2012; and as Executive Vice President, Merchandising and Logistics, from January 2011 to August 2012. Prior to 2011, Ms. Haugarth served as Executive Vice President; President and Chief Operating Officer, Supply Chain Services since 2006. Ms. Haugarth brings extensive retail, distribution and supply chain experience to the Board. Ms. Haugarth’s prior responsibilities as the Executive Vice President, Merchandising and Logistics for SUPERVALU INC. are particularly relevant to the Corporation and the Board, given the importance of purchasing and supply chain functions to the Corporation’s operations. Ms. Haugarth’s background and experience make her well qualified to serve as a director of the Corporation.

Mae Jemison

Dr. Mae C. Jemison is an Independent Director of The Valspar Corporation. Dr. Jemison has been President of The Jemison Group, Inc. since 1993. The Jemison Group is a technology consulting company that applies and integrates science and advanced technology considering the worldwide social and technological circumstances of the users. Dr. Jemison is leading 100 Year Starship, a new initiative started by DARPA, to make human space travel to another star possible within the next 100 years. She was President and founder of BioSentient Corporation, a medical devices company specializing in ambulatory physiologic monitoring, from 2000 to 2012. Dr. Jemison founded and directs The Earth We Share, an international science camp for students ages 12-16 worldwide. She was a Professor Environmental Studies at Dartmouth College from 1996 to 2002. From 1987 to 1993, she was an astronaut with the National Aeronautics and Space Administration (NASA) and was a member of the Space Shuttle Endeavour Flight in September 1992. Dr. Jemison is also a director of Scholastic, Inc., a publishing company, and Kimberly-Clark Corporation and a member of the Institute of Medicine of the National Academy of Sciences. Dr. Jemison brings a strong science and technology background to the Board, including product innovation and strategy experience. She also has substantial board and committee experience as an independent director of other publicly held companies, including Scholastic, Inc. and Kimberly-Clark Corporation. Her educational and professional achievements and numerous public and private advisory and leadership roles offer broad experience and a unique viewpoint for the Board of Directors and qualify her to serve as a director of the Corporation.

Tyler Treat

Basic Compensation

Name Fiscal Year Total

Gary Hendrickson

5,357,420

James Muehlbauer

3,752,730

Rolf Engh

1,296,420

Cynthia Arnold

862,834

Anthony Blaine

970,362

Jeffrey Curler

--

John Allen

--

John Ballbach

689,354

John Bode

--

William Cook

--

Shane Fleming

--

Ian Friendly

--

Janel Haugarth

--

Mae Jemison

--

Tyler Treat

--
As Of 24 Oct 2013

Options Compensation

Name Options Value

Gary Hendrickson

451,062 8,352,174

James Muehlbauer

0 0

Rolf Engh

492,118 5,638,758

Cynthia Arnold

0 0

Anthony Blaine

14,000 525,412

Jeffrey Curler

0 0

John Allen

0 0

John Ballbach

220,683 2,785,313

John Bode

0 0

William Cook

0 0

Shane Fleming

0 0

Ian Friendly

0 0

Janel Haugarth

0 0

Mae Jemison

0 0

Tyler Treat

0 0
Search Stocks