RPM
International Inc. (NYSE: RPM) today announced that it has promoted
Lonny DiRusso to vice president and chief information officer, Matthew
Franklin to vice president – information technology, and Gordon Hyde to
vice president – operations.
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Gordon Hyde (Photo: Business Wire)
“These promotions are being made as part of an organizational
realignment that will support our operating improvement initiatives. As
seasoned veterans of RPM, Lonny, Matt and Gordy have all been
instrumental to the success of our company over the years, and I’m
confident their leadership in these new roles will yield outstanding
results for RPM and its shareholders,” stated Sullivan. “We look forward
to seeing their respective expertise put to work for RPM on a larger
scale as they unlock value in our operations and IT, and drive greater
collaboration between our companies worldwide.”
In his new role, DiRusso will be responsible for ensuring that RPM’s
corporate-wide IT program aligns with its overall strategic vision. He
will report directly to Frank C. Sullivan, the company’s chairman and
chief executive officer. Prior to this promotion, DiRusso held the
position of vice president – information technology at RPM for the past
13 years and, before that, the titles of director – information
technology and management information systems manager. He holds a
bachelor’s degree in computer information systems from Cleveland State
University.
As vice president – information technology, Franklin will be responsible
for day-to-day IT support at RPM’s corporate headquarters, providing
senior oversight of IT initiatives companywide and managing its
information security program. Having joined RPM 20 years ago, he
previously held the position of senior director – IT operations.
Franklin is a member of The Conference Board’s CISO Council, where he
serves on its executive committee. He holds a bachelor’s degree in
information management from Myers University.
In his new role, Hyde will be joining colleague Timothy Kinser, also
recently appointed as vice president – operations, to team together to
lead RPM’s manufacturing, supply chain and procurement improvement
initiatives. He will primarily be focused on driving manufacturing
efficiencies, asset optimization and inventory improvement. Hyde began
his career at RPM more than 20 years ago as vice president – operations
for Zinsser, a former RPM operating company, and subsequently held
similar positions at RPM and its Wood Finishes Group before joining RPM
Specialty Products Group in 2015. He holds a bachelor’s degree in
astrophysics from Brown University and an MBA from the University of
Michigan.
About RPM
RPM International Inc. owns subsidiaries that are world leaders in
specialty coatings, sealants, building materials and related services
across three segments. RPM’s 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.
RPM’s 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 rgordon@rpminc.com.
This press release contains “forward-looking statements” relating to our
business. These forward-looking statements, or other statements made by
us, are made based on our expectations and beliefs concerning future
events impacting us, and are subject to uncertainties and factors
(including those specified below) which are difficult to predict and, in
many instances, are beyond our control. As a result, our actual results
could differ materially from those expressed in or implied by any such
forward-looking statements. These uncertainties and factors include (a)
global markets and general economic conditions, including uncertainties
surrounding the volatility in financial markets, the availability of
capital and the effect of changes in interest rates, and the viability
of banks and other financial institutions; (b) the prices, supply and
capacity of raw materials, including assorted pigments, resins, solvents
and other natural gas- and oil-based materials; packaging, including
plastic containers; and transportation services, including fuel
surcharges; (c) continued growth in demand for our products; (d) legal,
environmental and litigation risks inherent in our construction and
chemicals businesses and risks related to the adequacy of our insurance
coverage for such matters; (e) the effect of changes in interest rates;
(f) the effect of fluctuations in currency exchange rates upon our
foreign operations; (g) the effect of non-currency risks of investing in
and conducting operations in foreign countries, including those relating
to domestic and international political, social, economic and regulatory
factors; (h) risks and uncertainties associated with our ongoing
acquisition and divestiture activities; (i) risks related to the
adequacy of our contingent liability reserves; and (j) other risks
detailed in our filings with the Securities and Exchange Commission,
including the risk factors set forth in our Annual Report on Form 10-K
for the year ended May 31, 2018, as the same may be updated from time to
time. We do not undertake any obligation to publicly update or revise
any forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release.
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