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Posted 26 September, 2023

PPG INDUSTRIES INC appointed Timothy M. Knavish as new CEO

NYSE:PPG appointed new Chief Executive Officer Timothy M. Knavish in a 8-K filed on 26 September, 2023.


  On September 26, 2023, the Board of Directors of PPG Industries, Inc. (the "Company") elected Timothy M. Knavish as Chairman and Chief Executive Officer, effective October 1, 2023.  

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Overview of PPG INDUSTRIES INC
Real Estate/Construction • Building Materials/Products
PPG Industries, Inc. engages in the manufacture and distribution of paints, coatings, and specialty materials. It operates through the Performance Coatings and Industrial Coatings segments. The Performance Coatings segment supplies a variety of protective and decorative coatings, sealants, and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings segment includes a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. The company was founded by John B. Ford and John A. Pitcairn in 1883 and is headquartered in Pittsburgh, PA.
Market Cap
$29.4B
View Company Details
PPG INDUSTRIES INC by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On September 26, 2023, the Board of Directors of PPG Industries, Inc. (the "Company") elected Timothy M. Knavish as Chairman and Chief Executive Officer, effective October 1, 2023. As previously reported, Michael H. McGarry will retire as Executive Chairman and as a director of the Company, effective October 1, 2023. 


Mr. Knavish became President and Chief Executive Officer of the Company on January 1, 2023. Previously, Mr. Knavish served as Chief Operating Officer from March 1, 2022 through December 31, 2022. He previously served as Executive Vice President from October 2019 through February 2022, Senior Vice President, Architectural Coatings and President, PPG Europe, Middle East and Africa from January 2019 through September 2019, Senior Vice President, Industrial Coatings from October 2017 through December 2018, Senior Vice President, Automotive Coatings from March 2016 through September 2017, Vice President, Protective and Marine Coatings from August 2012 through February 2016 and Vice President, Automotive Coatings, Americas from March 2010 through July 2012. Mr. Knavish has been a director of the Company since October 20, 2022. 


Also on September 26, 2023, Hugh Grant informed the Company's Board of Directors that he plans to end his tenure as Chair of the Board's Nominating and Governance Committee and as the Company's independent lead director, effective October 1, 2023, and to retire from the Board, effective December 31, 2023. Mr. Grant will continue to serve as a director of the Company and as a member of the Nominating and Governance Committee and the Human Capital Management and Compensation Committee of the Board of Directors until his retirement. Mr. Grant's decision was not due to any disagreement with the Company. The Board of Directors has elected Michael W. Lamach to succeed Mr. Grant as Chair of the Nominating and Governance Committee and as the Company's independent lead director.


Press releases reporting Mr. Knavish's election and Mr. Grant's retirement and Mr. Lamach's appointment are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.