WD-40 Company Announces Board Changes
12 Dezember 2024 - 10:05PM
Business Wire
~ Appoints Eric P. Etchart as Chairman of the
Board ~
WD-40 Company (NASDAQ:WDFC) is pleased to announce the
appointment of Eric P. Etchart as non-executive chairman of the
board of directors, effective today. Mr. Etchart succeeds Gregory
A. Sandfort as chairman, who retired from the board following
today’s 2024 Annual Meeting of Stockholders. Mr. Etchart will
continue to serve on the Corporate Governance Committee and Finance
Committee.
Mr. Etchart joined the board of directors in 2016, bringing
extensive experience in international finance, marketing, and
management. He previously served as senior vice president at The
Manitowoc Company, Inc. from 2007 until his retirement in January
2016. Mr. Etchart is a French national and has held management
positions in China, Singapore, Italy, France and the United States.
He is recognized as an NACD Board Leadership Fellow and has earned
qualifications in Climate Leadership and ESG Leadership.
“Eric’s extensive leadership experience, combined with his
comprehensive background in international business, makes him the
ideal candidate to lead our board as we focus on our most
significant growth opportunity, the geographic expansion of the
blue and yellow can with the little red top,” said Steve Brass,
president and chief executive officer of WD-40 Company. “I am eager
to collaborate closely with Eric to ensure that WD-40 Company
capitalizes on the growth opportunity we’ve identified around the
world.”
Gregory A. Sandfort has retired from the board after 13 years of
dedicated service.
“On behalf of the board of directors, I want to express our
heartfelt thanks to Greg for his dedicated service and significant
contributions,” said Mr. Etchart. “Greg’s leadership, insight, and
unwavering commitment to sound corporate governance have been
instrumental in guiding the Company over the last decade. We wish
Greg all the best in his future endeavors.”
WD-40 Company’s board currently consists of 10 directors.
About WD-40 Company
WD-40 Company is a global marketing organization dedicated to
creating positive lasting memories by developing and selling
products that solve problems in workshops, factories, and homes
around the world. The Company owns a wide range of well-known
brands that include maintenance products and homecare and cleaning
products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®,
GT85®, 2000 Flushes®, no vac®, 1001®, Spot Shot®, Lava®, Solvol®,
X-14®, and Carpet Fresh®.
Headquartered in San Diego, California, USA, WD-40 Company
recorded net sales of $590.6 million in fiscal year 2024 and its
products are currently available in more than 176 countries and
territories worldwide. WD-40 Company is traded on the NASDAQ Global
Select Market under the ticker symbol “WDFC.” For additional
information about WD-40 Company please visit
https://wd40company.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241212077050/en/
Media and Investor Contact: Wendy Kelley Vice President,
Stakeholder and Investor Engagement investorrelations@wd40.com
+1-619-275-9304
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