WD-40 Company Announces New Board Member and Declares Regular Quarterly Dividend
SAN DIEGO, June 21, 2016 /PRNewswire/ -- WD-40 Company (NASDAQ:WDFC) announced today that Daniel E. Pittard has been appointed to its board of directors. This change was effective June 20, 2016.
Additionally, the Company's board of directors declared on Tuesday, June 21, 2016 its regular quarterly dividend of $0.42 per share, payable July 29, 2016 to stockholders of record at the close of business on July 15, 2016.
"Dan's expertise in the areas of strategy development and international business, as well as his extensive public and private company board experience make him a valuable addition to the Board," said Garry O. Ridge, president and chief executive officer of WD-40 Company.
Mr. Pittard most recently served as president and chief executive officer and a board member for Rubio's Restaurants Inc. Prior to that Mr. Pittard held key executive positions at companies including McKinsey & Company, PepsiCo/Frito-Lay, Gateway and Amoco Corp. (now part of BP). Mr. Pittard retired in 2012 and continues as a private investor and board member. He received his bachelor of science in industrial management from Georgia Institute of Technology and his masters in business administration from Harvard School of Business.
Mr. Pittard has been appointed to serve as a member of the Audit Committee and the Finance Committee. With this addition, WD-40 Company's board will have 11 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 maintenance products and 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 $378 million in fiscal year 2015 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
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