Sherwin-Williams Company, a global leader in paints and coatings, has revealed that Heidi G. Petz will take the helm as its next CEO, starting January 1, 2024. Currently serving as the President and COO of Sherwin-Williams, Ms. Petz brings a wealth of experience and a proven track record to her new role.
Petz, 48, joined Sherwin-Williams when it acquired Valspar in 2017. Since then, she has held various crucial positions within the company, showcasing her leadership capabilities. Her roles included Senior Vice President of Marketing for the Consumer Brands Group, Senior Vice President of Sales and Marketing for The Americas Group, and President of The Americas Group.
Petz’s journey in the corporate world began long before Sherwin-Williams, encompassing positions at reputable companies such as Newell Rubbermaid, Target, and PricewaterhouseCoopers. Notably, she played a pivotal role in steering Sherwin-Williams through challenging times, particularly during the acquisition of Valspar, a $23 billion deal.
In addition to her corporate responsibilities, she has contributed her expertise to the boards of Ulta Beauty, Inc. in Chicago, the University Hospitals Health System in Cleveland, and the Harvard Joint Center for Housing Studies Policy Advisory Board. Her commitment to social impact and policy advisory roles reflects a dedication beyond the corporate realm.
Academically, Petz holds a bachelor's degree in business and leadership from Richmond University and a master's degree from Loyola University, Maryland. This educational background has undoubtedly contributed to her strategic thinking and business acumen.
The announcement of Petz as the next CEO follows a comprehensive succession plan by Sherwin-Williams' Board of Directors. John G. Morikis, the current Chairman and CEO, expressed confidence in her, highlighting her role in driving growth and operational excellence during her tenure.
With this transition, she will become Sherwin-Williams' eighth CEO in its 157-year history. The move aligns with the company's commitment to fostering a diverse and experienced leadership team.
Notably, Morikis will continue to contribute to the company's leadership as Executive Chairman, ensuring a smooth transition. The expansion of the board from 10 to 11 members signifies the strategic decision to appoint Petz as the new CEO.
As she assumes this leadership role, she inherits a skilled team with an average of 27 years of Sherwin-Williams expertise. The continuity of leadership within the organization ensures stability and a seamless transition.
The combination of her professional achievements and her commitment to impactful board roles reflects a leader with a holistic approach to business and societal contributions. Her vision for Sherwin-Williams is poised to guide the company toward continued growth and success.