19.01.2013 Views

Who Predicted the Financial Crisis - Economic ... - CEO Magazine

Who Predicted the Financial Crisis - Economic ... - CEO Magazine

Who Predicted the Financial Crisis - Economic ... - CEO Magazine

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Christopher Connor<br />

<strong>CEO</strong> of The Sherwin-<br />

Williams Company<br />

The Talent <strong>CEO</strong><br />

Company Profile<br />

Industry: Specialty<br />

Retail (Paints)<br />

Employees: 29,200<br />

Revenues: $7.3B<br />

Market Cap: $7.87B<br />

<strong>CEO</strong> Achievements<br />

24 www.ceoqmagazine.com | Q4 / 2010<br />

<strong>CEO</strong> Awards<br />

Most Respected <strong>CEO</strong>s<br />

Christopher Connor<br />

Sherwin-Williams<br />

• Over <strong>the</strong> past 10 years, Sherwin-<br />

Williams shareholders have<br />

enjoyed an average annual return,<br />

including dividends, of almost 14<br />

percent.<br />

• Despite disappointing results<br />

during <strong>the</strong> 2009 financial crisis,<br />

<strong>the</strong> free cash flow for <strong>the</strong> year<br />

increased by approximately $12<br />

million to an all-time high of $605<br />

million.<br />

• Sherwin-Williams is rated as one<br />

of America’s top 100 companies to<br />

work for.<br />

• The company’s culture of<br />

excellence has created an<br />

environment where outstanding<br />

technology, operational excellence<br />

and engagement all continue<br />

to play a role in <strong>the</strong> Company’s<br />

growing success.<br />

<strong>CEO</strong> Bio<br />

Christopher Connor is Chairman<br />

and <strong>CEO</strong> of The Sherwin-Williams<br />

Company, a global leader in <strong>the</strong> paint<br />

and coatings industry. Mr. Connor<br />

was elected <strong>CEO</strong> by <strong>the</strong> company’s<br />

board of directors on October 25,<br />

1999 and added <strong>the</strong> title of Chairman<br />

on April 26, 2000.<br />

Mr. Connor, 53, began his<br />

employment with The Sherwin-<br />

Williams Company in 1983 as<br />

Director of Advertising for <strong>the</strong><br />

Paint Stores Group. Over his 25year<br />

career with Sherwin-Williams,<br />

Mr. Connor has held a number of<br />

increasingly important assignments<br />

in many different functional areas<br />

of <strong>the</strong> Company. In addition to<br />

The Sherwin-Williams’ Board of<br />

Directors, Mr. Connor serves on <strong>the</strong><br />

board of <strong>the</strong> Eaton Corporation.<br />

His many civic and community board<br />

engagements include <strong>the</strong> Greater<br />

Cleveland Partnership, <strong>the</strong> Rock<br />

and Roll Hall of Fame and Museum,<br />

The Playhouse Square Foundation,<br />

University Hospitals Health System,<br />

United Way Services of Greater<br />

Cleveland, The Commission on<br />

<strong>Economic</strong> Inclusion, Team NEO,<br />

Fisher College of Business at The<br />

Ohio State University, <strong>the</strong> National<br />

Manufacturers Association and<br />

The National Paint and Coatings<br />

Association. Mr. Connor is <strong>the</strong><br />

past Chairman of <strong>the</strong> Board for<br />

Keep America Beautiful, University<br />

Hospitals Health System and Walsh<br />

Jesuit High School.<br />

Mr. Connor is a 1974 graduate of<br />

Walsh Jesuit High School and a<br />

1978 graduate of The Ohio State<br />

University.<br />

<strong>CEO</strong> Insights<br />

We look for top talent, because we believe<br />

people are <strong>the</strong> ultimate competitive<br />

advantage. We reward innovative people<br />

with a real drive to accomplishment.<br />

20, 30, 40 year careers are not<br />

uncommon in our company. That is<br />

why we are rated as one of <strong>the</strong> top 100<br />

companies to work for.<br />

We enter 2010 cautiously optimistic that<br />

<strong>the</strong> worst of <strong>the</strong> global recession is behind<br />

us. At <strong>the</strong> same time, we acknowledge<br />

that economic recovery may be slow and<br />

erratic, and coatings demand in many<br />

end markets will likely remain weak. Over<br />

<strong>the</strong> past three years, we have worked<br />

hard to make Sherwin-Williams a leaner,<br />

financially stronger and more profitable<br />

company. We have fine-tuned our capital<br />

structure, tightly managed fixed costs<br />

and SG&A expense, reduced inventories<br />

and expanded our distribution platform<br />

domestically and abroad. These actions,<br />

along with our continued focus on<br />

serving a diverse and increasingly global<br />

customer base, have positioned us to<br />

perform well through <strong>the</strong> balance of this<br />

recession and outperform in a recovery.<br />

We are confident that 2010 will be a year<br />

of improvement for <strong>the</strong> Company.<br />

About Sherwin-Williams<br />

Sherwin-Williams operates over 3,350 paint stores<br />

in <strong>the</strong> United States, owns many of <strong>the</strong> paint and<br />

coatings industry leading brand names, and sells<br />

products in over 50 countries around <strong>the</strong> world.<br />

Q4 / 2010 | www.ceoqmagazine.com 25

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!