MINNEAPOLIS--(BUSINESS WIRE)--Jun. 18, 2018--
The Board of Directors of Graco Inc. (NYSE: GGG), a leading
manufacturer of fluid handling equipment, has named Mark W. Sheahan
Chief Financial Officer and Treasurer, and Christian E. Rothe President
of its Worldwide Applied Fluid Technologies Division (AFTD), part of its
Industrial reporting segment, effective today.
“Mark and Christian have delivered consistently strong performance in
their current roles, and we expect both will make significant
contributions to Graco over the long term. Consistent with our
philosophy of building a solid leadership bench through thoughtful job
assignments for high performers, these assignments will broaden their
skill sets and allow each to gain new perspectives on the business,”
said Patrick J. McHale, Graco’s President and CEO. “This is a tremendous
opportunity for them as individuals and for the Company, and these moves
demonstrate our continued investment in the development of our key
Mr. Sheahan joined Graco in 1995 and has held senior management
positions including Vice President and General Manager, Applied Fluid
Technologies Division, since February 2008; Chief Administrative Officer
from 2005 to 2008, responsible for human resources, information systems,
investor relations and internal audit functions; and Vice President and
Treasurer from 1998 to 2005. He was named Treasurer in 1996. Prior to
Graco, he was a Senior Tax Manager at KPMG. Mr. Sheahan holds a Bachelor
of Business Administration degree in Accounting from the University of
Minnesota – Twin Cities and a J.D. from William Mitchell College of Law.
Mr. Rothe most recently served as Graco’s Chief Financial Officer and
Treasurer, a role he has held since September 2015. He first joined the
Company in 2011 as Vice President and Treasurer. Prior to Graco, Mr.
Rothe held a series of finance roles of increasing responsibility at
Gardner Denver, Inc., including Vice President and Treasurer, Vice
President, Finance – Industrial Products Segment, and Director of
Strategic Planning and Development. Mr. Rothe holds a Bachelor of
Science degree in Accounting from the Herberger School of
Business at St. Cloud State University, an MBA from the University of
Minnesota’s Carlson School of Management and is a CPA (inactive).
Graco Inc. supplies technology and expertise for
the management of fluids and coatings in both industrial and commercial
applications. It designs, manufactures and markets systems and equipment
to move, measure, control, dispense and spray fluid and powder
materials. A recognized leader in its specialties, Minneapolis-based
Graco serves customers around the world in the manufacturing,
processing, construction and maintenance industries. For additional
information about Graco Inc., please visit us at www.graco.com
or on Twitter @GracoInc.
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Source: Graco Inc.
Charlotte Boyd, 612-623-6153