Whirlpool Corporation has just announced the appointment of John Morikis, the former chairman and CEO of The Sherwin-Williams Company, to its board of directors. Morikis, who has a proven track record leading a global enterprise, will bring valuable experience in establishing resilient supply chains and insight into the U.S. home builder market to Whirlpool Corporation.
In 2024, Whirlpool Corporation reported approximately $17 billion in annual sales, with close to 90% of sales in the Americas. The company has 44,000 employees and 40 manufacturing and technology research centers.
The new addition to the board, John Morikis, began his career at Sherwin-Williams in 1984 as a management trainee and was later elevated to president and CEO in 2016, becoming chairman of the board in 2017. Morikis' experience in various roles at Sherwin-Williams, including president and general manager of the company’s paint stores and chief operating officer, will likely contribute to the strategic direction of Whirlpool Corporation.
Whirlpool Corporation, a leading home appliance company, is constantly pursuing innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul, and InSinkErator.
This announcement comes as Whirlpool Corporation continues to navigate the ever-changing global marketplace, and the addition of John Morikis to the board is expected to play a key role in the company's future endeavors. As a result of these announcements, the company's shares have moved 1.2% on the market, and are now trading at a price of $105.16. For the full picture, make sure to review Whirlpool's 8-K report.
