WD-40 has a new chairman and board member
WD-40 Company announced that its board of directors has appointed Neal Schmale as independent lead director and Garry Ridge as chairman of the board, effective today.
WD-40 CEO Gary Ridge will take over the chairman role in December.
Ridge, CEO of WD-40, replaces Linda Lang as chairman following her retirement as a director.
The San Diego, Calif.-based manufacturer also announced that Trevor Mihalik has been elected to the board of directors. Mihalik has been appointed to serve as a member of the corporate governance and audit committees.
Mihalik has served as executive vice president and CFO of Sempra Energy since May 2018. He joined Sempra Energy in 2012 as controller and chief accounting officer.
"We are very pleased to welcome Trevor to our board," Ridge said. "His extensive finance and accounting experience and his wide-ranging senior management experience with Fortune 500 companies will offer our board valuable judgment and management perspective."
"Moreover, we are delighted that Neal has agreed to take on the additional responsibilities of lead director,” said Ridge. “Neal has consistently demonstrated commitment to the highest standards of board leadership and governance practices. Furthermore, I am happy to have him as a mentor as I step into my new role as chairman of the board."
"Finally, I would like to thank Linda for her dedication as board chair for the last three years and to the company for the last 15 years. She deserves recognition for her commitment to the company and for her contributions to its sound corporate governance practices," concluded Ridge.
WD-40 CEO Gary Ridge will take over the chairman role in December.Ridge, CEO of WD-40, replaces Linda Lang as chairman following her retirement as a director.
The San Diego, Calif.-based manufacturer also announced that Trevor Mihalik has been elected to the board of directors. Mihalik has been appointed to serve as a member of the corporate governance and audit committees.
Mihalik has served as executive vice president and CFO of Sempra Energy since May 2018. He joined Sempra Energy in 2012 as controller and chief accounting officer.
"We are very pleased to welcome Trevor to our board," Ridge said. "His extensive finance and accounting experience and his wide-ranging senior management experience with Fortune 500 companies will offer our board valuable judgment and management perspective."
"Moreover, we are delighted that Neal has agreed to take on the additional responsibilities of lead director,” said Ridge. “Neal has consistently demonstrated commitment to the highest standards of board leadership and governance practices. Furthermore, I am happy to have him as a mentor as I step into my new role as chairman of the board."
"Finally, I would like to thank Linda for her dedication as board chair for the last three years and to the company for the last 15 years. She deserves recognition for her commitment to the company and for her contributions to its sound corporate governance practices," concluded Ridge.