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Valspar hires new CFO

Minneapolis-based The Valspar Corp. announced Monday that former Best Buy executive James Muehlbauer has been named executive VP, chief financial and administrative officer.

He will replace Lori Walker, who will retire in April.

“Jim’s expertise in growing large global enterprises and his hands-on business experience in retail and consumer brands make him an excellent addition to our management team," said Gary E. Hendrickson, chairman and CEO. "Jim will play a significant role at Valspar as we pursue long term strategic growth opportunities.”

Prior to joining Valspar, Muehlbauer was EVP and CFO of Best Buy. Muehlbauer also held leadership positions at The Pillsbury Co. and PriceWaterhouseCoopers. In addition to his proven financial leadership, Muehlbauer brings significant executive experience in global business and consumer brands."   

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