MEDINA, Ohio, Jan. 24, 2017 /PRNewswire/ -- RPM
International Inc. (NYSE: RPM) today announced that Charles A. Ratner, 75, has retired from its
board of directors after almost 12 years of service to the company.
Ratner served on the board's compensation committee.
"It has been an honor and a privilege to work with the other
experienced business leaders on RPM's board and with its talented
executive team. I am proud to have contributed to RPM's growth and
success," Ratner stated. "I have always been impressed with RPM's
dedication to its core values of integrity, commitment to the
community and responsible entrepreneurship. It's a great company
with a great future."
Ratner retired from Forest City Realty Trust, Inc. (formerly
Forest City Enterprises, Inc.), on December
31, 2016, after 50 years with the diversified real estate
development company. He was most recently Forest City's chairman, a
post he was elected to in 2011. Prior, Ratner served as president
and CEO of Forest City since 1993 and 1995, respectively.
"During Chuck's tenure, RPM's annual sales have nearly doubled
from $2.6 billion to more than
$5 billion, and the annual dividend
paid to our shareholders has increased from $0.60 to $1.20 per
share. His contributions played an important role in this strong
performance," stated RPM Chairman and CEO Frank C. Sullivan. "On a personal note, I will
always be extremely grateful to Chuck for the wise counsel he has
provided me over the years, particularly concerning difficult
decisions and significant challenges. On behalf of all of RPM, I
wish him well in retirement."
About RPM
RPM International Inc. owns subsidiaries
that are world leaders in specialty coatings, sealants, building
materials and related services across three segments. RPM's
industrial products include roofing systems, sealants, corrosion
control coatings, flooring coatings and other construction
chemicals. Industrial companies include Stonhard, Tremco, illbruck,
Carboline, Flowcrete, Euclid Chemical and RPM Belgium Vandex. RPM's
consumer products are used by professionals and do-it-yourselfers
for home maintenance and improvement and by hobbyists. Consumer
brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors.
RPM's specialty products include industrial cleaners, colorants,
exterior finishes, specialty OEM coatings, edible coatings,
restoration services equipment and specialty glazes for the
pharmaceutical and food industries. Specialty segment companies
include Day-Glo, Dryvit, RPM Wood Finishes, Mantrose-Haeuser,
Legend Brands, Kop-Coat and TCI. Additional details can be found at
www.rpminc.com and by following RPM on Twitter at
www.twitter.com/RPMintl.
For more information, contact Barry M.
Slifstein, vice president – investor relations, at
330-273-5090 or bslifstein@rpminc.com.
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SOURCE RPM International Inc.