UPDATE 1-Sherwin-Williams names insider Heidi Petz as CEO

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(Adds details on Petz and incumbent CEO)

Oct 11 (Reuters) - Paint company Sherwin-Williams on Wednesday named Chief Operating Officer Heidi Petz as its CEO, effective Jan 1, 2024.

Petz, who joined Sherwin-Williams with the acquisition of the Valspar Corp in 2017, will replace incumbent John Morikis, who has served as CEO since 2016.

Morikis would continue to serve as the company's executive chairman, the company said. (Reporting by Sourasis Bose in Bengaluru; Editing by Shailesh Kuber)

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