Valspar names new chairman

Valspar Corp. has announced that its board of directors elected Gary Hendrickson, Valspar’s president and CEO, as chairman of the board, effective immediately. Hendrickson succeeds William Mansfield, who is retiring after serving as chairman since August 2007, as CEO from 2005 to 2011, and as president from 2005 to 2008.

The appointment completes a transition plan put in place a year ago, according to the Minneapolis-based paint and coatings manufacturer.

Hendrickson has served as president and CEO since June 2011. Prior to becoming CEO, he was Valspar’s president and chief operating officer for three years. Hendrickson joined Valspar’s packaging business in 1994 and has held a variety of senior leadership roles, including group VP global wood coatings, president of Valspar Asia Pacific and senior VP Valspar's consumer business.