Valspar News

JUN-27-2005

VALSPAR ANNOUNCES KEY EXECUTIVE PROMOTIONS

FOR IMMEDIATE RELEASE June 27, 2005

VALSPAR ANNOUNCES KEY EXECUTIVE PROMOTIONS

MINNEAPOLIS, MINNESOTA - The Valspar Corporation (NYSE-VAL), a global leader in the paint and coatings industry, announced today the following organization changes, effective July 1, 2005.

Rolf Engh has been named Executive Vice President, General Counsel and Secretary. Mr. Engh joined Valspar in 1993 as Vice President, General Counsel and Secretary and was named a Senior Vice President in 1998. Prior to joining Valspar, Mr. Engh was a partner at the law firm of Lindquist & Vennum, PLLP.

Gary E. Hendrickson has been named Senior Vice President, assuming responsibility for leading the architectural, global wood coatings and Federal businesses. He will continue to have overall responsibility for Valspar's interests in Asia Pacific. Mr. Hendrickson joined Valspar in 1994 and was named President Asia Pacific and corporate Vice President in 2001. He became Group Vice President Wood Coatings and President Asia Pacific in 2004. Mr. Hendrickson has a Bachelors Degree from the University of Connecticut and an MBA from Harvard University.

Donald A. Nolan has been named Senior Vice President, assuming responsibility for leading the global packaging and automotive coatings businesses. He will continue to have overall responsibility for Valspar's interests in Europe and Latin America. Mr. Nolan joined Valspar in 1996 and was named corporate Vice President for Packaging Coatings - Americas in 2001. He became Group Vice President Packaging in 2004. Mr. Nolan has a BSE Degree from the University of Michigan, an MS in Mechanical Engineering from Rensselaer Polytechnic Institute and an MBA from the University of Michigan.

Commenting, President and Chief Executive Officer, Bill Mansfield stated, "These promotions recognize the strength of our senior management team and continue to position Valspar positively for future growth."

For further information, contact Lori A. Walker, Vice President, Treasurer and Controller of Valspar at 612-375-7350.

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