The Valspar Corporation (NYSE:VAL) today announced the appointment of Les H. Ireland as the company's new Executive Vice President and President of its global Consumer Paint businesses. He will be based in Chicago and report to Valspar Chairman and CEO Gary Hendrickson. Ireland succeeds Howard C. Heckes who has been promoted to Executive Vice President and President of Valspar's global Coatings businesses.

"Les Ireland is an exceptional leader with a terrific track record serving customers and growing businesses in markets and geographies where Valspar has great strategic opportunities," said Gary E. Hendrickson, Valspar Chairman, President and CEO. "I couldn't be more pleased to welcome Les to our executive team."

Ireland, 50, brings over 25 years of global branded consumer products experience to his new role with Valspar. He had a long and successful career with Black & Decker Corporation where he was most recently President of North America for the Worldwide Power Tools and Accessories Group, which included such brands as Black & Decker®, DeWalt®, Porter Cable® and Delta®. Ireland joined Black & Decker in 1986 and progressed rapidly through sales, marketing and service operations roles into commercial leadership and general management. He was elected an officer of Black & Decker Corporation in 2001 and spent seven years in Europe, where he led commercial operations for the Consumer and Professional Tool and Accessories business and was promoted to President, Europe, Middle East and Africa. Ireland earned a bachelor's degree in Marketing and Management from Towson University.

"I am very excited to be joining Valspar," said Ireland. "The company has earned a stellar reputation as a well-run and fast-growing company. The combination of strong brands, leading technology, an intense focus on the customer and shareholder value creation attracted me to Valspar."

About The Valspar Corporation

The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry with over 10,000 employees in more than 25 countries. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry. For more information, visit www.valspar.com.

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