Bunch named executive chairman
PITTSBURGH--(BUSINESS WIRE)--Jul. 16, 2015--
PPG Industries (NYSE: PPG) today announced Michael H. McGarry will
become President and CEO, effective Sept.1, 2015. McGarry will join the
company’s Board of Directors immediately.
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Michael H. McGarry, PPG Industries (Photo: Business Wire)
McGarry, 57, who has served as PPG’s President and Chief Operating
Officer since March, will succeed Chairman and CEO Charles E. Bunch in
the role of CEO. Bunch, who has led PPG for the last decade, will
continue as Executive Chairman.
“Our company is strong financially and our global business portfolio
remains well positioned for future growth,” said McGarry. “I am looking
forward to leading PPG as we continue to focus on our customers, deliver
excellent business performance and create additional shareholder value.”
Bunch said, “Michael is a proven strategic leader who is ideally suited
to lead PPG. He brings a strong focus on operational excellence and an
unwavering commitment to PPG’s core values.”
During his 34 years with PPG, McGarry has served in a variety of key
business and functional leadership roles in the United States, Europe
and Asia. In recent years, he helped lead several strategic actions that
have transformed PPG’s business portfolio, most notably the acquisition
of SigmaKalon; the separation of PPG’s former commodity chemicals
business; the acquisition and integration of AkzoNobel’s North American
architectural coatings business; and, most recently, the acquisition of
Consorcio Comex, S.A. de C.V.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries'
vision is to be the world’s leading coatings company by consistently
delivering high-quality, innovative and sustainable solutions that
customers trust to protect and beautify their products and surroundings.
Through leadership in innovation, sustainability and color, PPG provides
added value to customers in construction, consumer products, industrial
and transportation markets and aftermarkets to enhance more surfaces in
more ways than does any other company. Founded in 1883, PPG has global
headquarters in Pittsburgh and operates in more than 70 countries around
the world. Reported net sales in 2014 were $15.4 billion. PPG shares are
traded on the New York Stock Exchange (symbol: PPG). For more
information, visit www.ppg.com
and follow @PPGIndustries
on Twitter.
Bringing innovation to the surface is a trademark of PPG
Industries Ohio, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716005723/en/
Source: PPG Industries, Inc.
PPG Industries, Inc.
Media:
Mark Silvey, PPG
Corporate Communications, 1-412-434-3046
silvey@ppg.com
or
Investors:
Scott
Minder, PPG Investor Relations, 1-412-434-3466
sminder@ppg.com