WD-40 Company Announces New Board Member and Declares Regular Quarterly Dividend

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

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