Graco Names David J. Thompson President of Contractor Equipment Division
Graco said Dale D. Johnson, President of the Worldwide Contractor Equipment Division, plans to retire in the first quarter of 2025. David J. Thompson, currently Vice President of Engineering for that division, will succeed him as president effective January 1, 2024, while Johnson becomes Chief Commercial Development Officer. The filing describes a planned leadership transition in a division the company says has grown to more than $1 billion in business, and it reports no related compensation actions.
- Dale D. Johnson to retire in the first quarter of 2025, after almost five decades at Graco
- David J. Thompson to become President, Worldwide Contractor Equipment Division, effective January 1, 2024
- Johnson to become Chief Commercial Development Officer on January 1, 2024 and remain an executive officer
- No compensatory arrangements reportable under Form 8-K as of the filing date