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March 16, 2022, 4:16 p.m. EDT

WD-40 CEO Garry Ridge to retire, COO Steve Brass to become CEO

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By Claudia Assis

WDFC

WD-40 Co. /zigman2/quotes/204555241/composite WDFC -0.11% said late Wednesday that Chief Executive Garry Ridge will retire from his post on Aug. 31 as part of a "planned leadership transition." Steve Brass, the company's chief operating officer, has been appointed CEO, effective Sept. 1. Brass will also serve on the company's board of directors, WD-40, the maker of the eponymous spray, said. Shares of WD-40 were flat in the extended session after ending the regular trading day up 2.6%.

/zigman2/quotes/204555241/composite
US : U.S.: Nasdaq
$ 178.01
-0.19 -0.11%
Volume: 106,584
Aug. 5, 2022 4:00p
P/E Ratio
40.21
Dividend Yield
1.75%
Market Cap
$2.43 billion
Rev. per Employee
$932,665
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