Fortune Brands unit elects Sherwin-Williams president to board
Fortune Brands Home & Security (FBHS), which intends to spin off from Fortune Brands today, named John Morikis to the company's board of directors, effective Dec. 1.
Morikis is president and chief operating officer of The Sherwin-Williams Co., an $8 billion global leader in the paint and coatings industry. He was elected COO of Sherwin-Williams in 2006.
As COO at Sherwin-Williams, Morikis has helped transform the company’s operating model, leading to increased operating performance and productivity, as well as improved utilization of fixed assets and more sharing of best practices.
“John is an accomplished executive whose operational and industry experience will be an asset to our bBoard,” said David Thomas, non-executive chairman of the board of Fortune Brands Home & Security. “His achievements in growing Sherwin-Williams’ business and building upon its leadership position are impressive, and I am looking forward to his contributions and insight as Fortune Brands Home & Security moves forward as an independent company.”
As previously announced, FBHS is expected to spin off from Fortune Brands after the close of business on Oct. 3, and will trade on the New York Stock Exchange as an independent public company under the ticker symbol FBHS effective Oct. 4.
Prior to his current role, Morikis served as president of the Paint Stores Group, whose revenue increased from approximately $3 billion to nearly $5 billion during his tenure. Morikis served in key positions of increasing responsibility at Sherwin-Williams since joining the company in 1985.
Morikis is a member of the Joint Center for Housing Studies Policy Advisory Board at Harvard University and is a member of the board of directors of the American Red Cross.