SAN DIEGO, March 24, 2015 /PRNewswire/ -- WD-40 Company
(NASDAQ: WDFC) announced today that Melissa
Claassen has been appointed to its board of directors.
This change is effective March 24, 2015.
Additionally, the Company's board of directors declared on
Tuesday, March 24, 2015 its regular
quarterly dividend of $0.38 per
share, payable April 30, 2015 to
stockholders of record at the close of business on April 16, 2015.
Ms. Claassen currently serves as vice president, business unit
finance for the adidas Group (XETRA: ADS) where she provides
financial leadership and develops collaborative teams across
different company divisions. Ms. Claassen began her career at
adidas Australia in 1996 and has
held many financial leadership roles throughout various regional
and operational divisions of the company including: management
accountant, finance manager, group senior financial controller,
controlling director China, chief
financial officer of adidas Hong
Kong and Taiwan and chief
financial officer for Taylor Made-adidas Golf. Ms. Claassen
currently lives and works in southern Germany.
"We are pleased to have Melissa join our board and look forward
to benefiting from her exceptional collaboration skills and
extensive international experience," said Garry O. Ridge,
president and chief executive officer of WD-40 Company. "Our
Europe, Middle East and
Africa business segment currently
generates approximately 40% of our net sales. We believe
having a board member living within one of the countries of this
business segment will provide our board with a valuable regional
perspective."
Ms. Claassen has been appointed to serve as a member of the
Corporate Governance Committee. With this addition, WD-40
Company's board will have 9 directors.
About WD-40 Company
WD-40 Company is a global
marketing organization dedicated to creating positive lasting
memories by developing and selling products that solve problems in
workshops, factories and homes around the world. The Company
markets its multi-purpose maintenance products and its homecare and
cleaning products under the following well-known brands: WD-40®,
3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®,
Spot Shot®, 1001®, Lava® and Solvol®.
Headquartered in San Diego,
WD-40 Company recorded net sales of $383
million in fiscal year 2014 and its products are currently
available in more than 176 countries and territories worldwide.
WD-40 Company is traded on the NASDAQ Global Select market under
the ticker symbol "WDFC." For additional information about WD-40
Company please visit http://www.wd40company.com.
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SOURCE WD-40 Company