Valspar Corporation's CFO Lori Walker plans to retire after 12 years with the Minneapolis-based maker of paints and industrial coatings, the Twin Cities Business reports.
According to a company news release, Walker will remain with Valspar until a successor is named and “available to the company for an extended period thereafter to ensure a seamless transition.”
The Business Journal notes Walker was appointed to her current role in 2008, replacing Paul Reyelts.
Last month, Valspar announced it plans to spend $30 million to expand its research and development campus at its former headquarters building in downtown Minneapolis. The project is expected to create up to 135 new full-time jobs over the next two-years.