RPM International Inc. has announced significant changes to its leadership structure, as part of a broader strategic reorganization aimed at enhancing operational efficiency. David Dennsteadt, previously the group president of RPM's Performance Coatings Group (PCG), has been elected as the company's executive vice president. During his tenure at PCG, Dennsteadt achieved record-breaking sales and earnings, demonstrating his ability to foster innovation and deliver exceptional results.
Gregory Michael has succeeded Dennsteadt as the group president of the newly expanded Performance Coatings Group. Michael's previous role as president of Stonhard saw him expand sales, execute long-term strategic plans, and achieve record profitability, positioning Stonhard as a top performer among RPM companies for operational and commercial excellence.
These leadership changes come as RPM transitions from four reporting groups to three, with the aim of streamlining operations and enhancing collaboration and efficiency across the organization.
RPM International Inc. operates across three reportable segments: consumer, construction products, and performance coatings, and owns subsidiaries that are world leaders in specialty coatings, sealants, building materials, and related services. The company's diverse portfolio includes market-leading brands such as Rust-Oleum, DAP, Zinsser, Varathane, and Carboline.
Following these announcements, the company's shares moved -1.27%, and are now trading at a price of $112.75. Check out the company's full 8-K submission here.
