Patrick J. McHale has been the CEO of Graco Inc. since June 2007, stepping up after years of solid experience within the company. His leadership comes from an extensive background in manufacturing and operations, with roles ranging from Vice President...
Patrick J. McHale has been the CEO of Graco Inc. since June 2007, stepping up after years of solid experience within the company. His leadership comes from an extensive background in manufacturing and operations, with roles ranging from Vice President of manufacturing to General Manager of the Lubrication Equipment Division. Under his watch, Graco has seen significant growth, reporting record sales of $1.475 billion in 2017 and raising dividends consistently over the years. He's not only focused on profits; McHale emphasized aligning bonuses with company performance metrics, such as corporate net sales and adjusted earnings per share (EPS) growth. In terms of personal finance, McHale has shown some impressive stock market involvement, with his holdings peaking in value over $52 million in early 2024. His compensation has varied widely; in 2021, he was awarded a total of around $1.7 million, which included a sizable bonus motivated by corporate performance. McHale also committed to a pay-for-performance philosophy, tying executive pay closely to the company’s success and shareholder returns. He’s known to prioritize long-term achievements over short-term gains, having set specific performance metrics for himself and his team. He’s a fundamentally driven leader focused not just on the numbers, but on building a sustainable future for Graco while navigating complex market conditions.