John M. Ballbach Elected to Valspar Board of Directors
Minneapolis, Minn. - October 3, 2012 - The Valspar Corporation (NYSE:VAL) today announced that its Board of Directors elected John M. Ballbach to serve as a director of the corporation. Ballbach, 52, was appointed to serve on the Board's nominating and governance and audit committees.
"John brings to the Board a unique combination of business experience and a deep understanding of our industry," said Gary E. Hendrickson, Valspar chairman and chief executive officer. "His global perspective, particularly in finance and strategy, will be an asset to the Board as we continue to further expand Valspar's reach into high growth markets. It's a pleasure to welcome John to our Board."
In 2005, Ballbach was appointed president and chief executive officer of VWR International, LLC, a global leader in the laboratory supply market, and also served as chairman from 2007 until earlier this year. Before joining VWR, Ballbach was a private investor and president of Ballbach Consulting LLC, providing consulting services primarily to large and mid cap private equity firms. He has served on the Board of Directors of The Timken Company (NYSE:TKR) since 2009 and is also currently an Advisory Board member of Guardian Capital Partners.
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