WD-40 Company has announced the appointment of Eric P. Etchart as the new non-executive chairman of its board of directors, effective immediately. Mr. Etchart takes over from Gregory A. Sandfort, who retired following the 2024 Annual Meeting of Stockholders. Etchart will continue to serve on both the Corporate Governance and Finance Committees of the board.
Steve Brass, president and CEO of WD-40 Company, expressed his enthusiasm about the transition, saying, “I look forward to working closely with Eric to ensure WD-40 Company capitalizes on the growth opportunities we have identified across the globe.”
Mr. Etchart has been a member of the board since 2016, bringing with him significant expertise in international finance, marketing, and management. He previously served as senior vice president at The Manitowoc Company, Inc. from 2007 until his retirement in 2016. A French national, Etchart has had a distinguished career with management roles across multiple countries, including China, Singapore, Italy, France, and the United States. He holds recognition as an NACD Board Leadership Fellow and is qualified in both Climate Leadership and ESG Leadership.
“Eric’s extensive leadership experience, combined with his deep knowledge of international business, makes him the ideal person to lead our board as we focus on expanding the reach of our iconic brand worldwide,” stated Steve Brass. “I am confident that together, we can drive WD-40 Company’s growth and success in the years to come.”
Mr. Sandfort, who has retired from the board after 13 years of service, was thanked by Etchart for his invaluable contributions. “On behalf of the entire board, I want to extend our deepest gratitude to Greg for his unwavering commitment and leadership,” said Etchart. “Greg’s dedication to sound corporate governance has been instrumental in the company’s success. We wish him the best in his future endeavors.”
Currently, the WD-40 Company board consists of 10 directors.
About WD-40 Company
WD-40 Company, based in San Diego, California, is a global leader in the creation and marketing of products designed to solve problems in workshops, factories, and homes worldwide. Its product lineup includes popular brands such as WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, and more. The company recorded net sales of $590.6 million in fiscal year 2024 and its products are sold in over 176 countries worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC.”
