Effective 1 January 2025, the company will move to a global, customer-centric operating structure with four business divisions: Industrial, Expansion Markets, Contractor and Powder. At that time, the South and Central America (SCA), Europe, Middle East and Africa (EMEA), and Asia Pacific (AP) regions, which previously operated independently, will be integrated into the business divisions.
“Establishing a market-oriented global structure will ensure that we are well positioned long term to enter new markets, capitalize on our most significant opportunities and accelerate our growth,” said Mark Sheahan, president and Chief Executive Officer of Graco.
The company’s current Industrial and Lubrication Equipment Divisions, along with the Process Transfer Equipment business that is part of the company’s Process Division, will be combined to form the new global Industrial Division. Peter J O’Shea, current president of the Worldwide Lubrication Equipment Division, and President, South and Central America, will serve as president of the Industrial Division. With the integration of regions into the company’s global divisional structure, Anthony J Gargano, current president, Asia Pacific, will become global sales lead for the Industrial Division.
The new Expansion Markets Division will focus on driving Graco’s inorganic growth in adjacent markets. The company’s existing environmental, semiconductor, high-pressure valves and electric motors businesses, together with select future ventures and acquisitions in new or adjacent markets, will sit within this newly-formed division. Timothy R White, current president, Worldwide Process Division, will assume the role of president, Expansion Markets Division.
Graco’s Contractor Equipment Division, renamed the Contractor Division, will be restructured to serve the needs of global customers. The Powder Division is currently structured as a global business and will continue to operate as it does today. Both divisions will retain their current executive leadership.
“The redesigned organization will simplify our operations, increase speed to market, drive efficiency and create alignment across the enterprise,” said Sheahan. “These strategic changes will better position Graco to put our customers first, innovate, and align our investments with our top growth opportunities.”
Starting 1 January 2025, Graco will classify its business into three reportable segments: Contractor, Industrial and Expansion Markets.
Caroline Chambers, president of EMEA, will leave Graco on 31 December 2024 after assisting with the transition.
“Caroline has significantly contributed to Graco’s success over the course of her career, most recently as the leader of our EMEA regional team,” said Sheahan. “She has been unwavering in her dedication to serving the best interests of the company and its customers. I extend my sincerest appreciation for her many years of service and leadership, and wish her the best of success in her future endeavors.”
