RPM International Inc. has announced key leadership changes and a strategic reorganization designed to streamline operations by transitioning from four reporting groups to three. David Dennsteadt, previously the group president of RPM’s Performance Coatings Group (PCG), has been elected as RPM's executive vice president. He will now oversee all corporate administrative functions, including finance, legal, risk management, human resources, manufacturing, and operations. Since joining Stonhard in 1995, Dennsteadt has held various leadership roles, delivering consistent record-breaking sales and earnings and demonstrating a global strategic vision. Gregory Michael has succeeded Dennsteadt as group president of the newly expanded Performance Coatings Group, bringing with him a track record of expanding sales, executing long-term strategic plans, achieving record profitability, and increasing efficiency.
These changes signal a significant step in RPM’s ongoing transformation, driven by experienced leaders committed to positioning the company for continued growth and success. RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials, and related services, and operates across three reportable segments: consumer, construction products, and performance coatings. The company has a diverse portfolio of market-leading brands and employs approximately 17,800 individuals worldwide. As a result of these announcements, the company's shares have moved 0.33% on the market, and are now trading at a price of $113.12. Check out the company's full 8-K submission here.
