Axalta Appoints Carl Anderson as Senior Vice President and Chief Financial Officer
19 Julho 2023 - 5:20PM
Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta” or the
“Company”), a leading global coatings company, today announced that
Carl Anderson has been appointed Senior Vice President and Chief
Financial Officer (“CFO”), effective August 14, 2023. Mr. Anderson
will succeed Sean Lannon, who will be leaving the Company to pursue
other opportunities.
Mr. Anderson is a seasoned financial executive with decades of
corporate strategy and financial leadership experience in the
global industrial and automotive sectors. He joins Axalta from XPO,
Inc., one of North America’s largest freight transportation
providers, where he has served as CFO since November 2022. Prior to
XPO, he spent more than 16 years at Meritor, Inc., a leading global
supplier for commercial vehicle manufacturers, where he served as
CFO for more than three years in addition to holding numerous other
financial leadership positions. He brings extensive experience
building finance and investor relations functions and a
demonstrated track record spearheading growth and shareholder value
creation initiatives, including M&A, increasing supply chain
efficiency and driving successful expansion into new end
markets.
“Carl brings more than 25 years of experience in the
transportation industry with deep expertise in the commercial
vehicle market, and I am thrilled he has decided to join Axalta at
such an exciting time for the company and our shareholders,” said
Chris Villavarayan, Chief Executive Officer and President of
Axalta. “Carl’s leadership of finance organizations for one of the
largest LTL carriers in North America as well as a global
commercial vehicle supplier will provide a unique perspective for
our business. I believe he will be a tremendous partner to build on
our momentum to position Axalta for accelerated growth and market
leadership, and value creation.”
Mr. Anderson said, “It is a privilege to step into the CFO role
and join a company with such a rich and celebrated history. Axalta
has built something special over the last 150-plus years and I look
forward to working with the rest of the executive team and Axalta’s
exceptional Finance organization to build on Axalta’s outstanding
performance and continue furthering the company’s profitable growth
trajectory.”
Mr. Villavarayan added, “On behalf of our Board and our entire
management team, I want to thank Sean for his many contributions to
Axalta throughout his 10 years with the Company. His efforts in
advancing our strategic objectives have positioned us for continued
strong performance in the years to come. We wish him the best in
his future endeavors.”
As previously communicated, Axalta will release its
second-quarter 2023 financial results after the close of trading on
August 1, 2023, with Mr. Villavarayan and Mr. Lannon hosting a call
to discuss the results on August 2.
About Carl AndersonCarl Anderson has served as
Chief Financial Officer for XPO, Inc., a $7.7 billion provider of
asset-based trucking transportation services, since 2022. Prior to
XPO, he was Senior Vice President & CFO at Meritor, Inc., a
leading supplier of OEM and aftermarket parts for commercial
vehicle and industrial markets, where he previously served as Group
Vice President, Finance; Treasurer; Assistant Treasurer; and
Director, International Capital Markets, Risk Management and
Corporate Insurance throughout his 16-year tenure. Earlier, he held
treasury and financial planning roles at General Motors Acceptance
Corporation after beginning his career with First Chicago
Corporation. He earned a master’s degree in business administration
from Wayne State University and a bachelor’s degree in economics
from Michigan State University.
About AxaltaAxalta is a global leader in the
coatings industry, providing customers with innovative, colorful,
beautiful, and sustainable coatings solutions. From light vehicles,
commercial vehicles and refinish applications to electric motors,
building facades and other industrial applications, our coatings
are designed to prevent corrosion, increase productivity, and
enhance durability. With more than 150 years of experience in the
coatings industry, the global team at Axalta continues to find ways
to serve our more than 100,000 customers in over 130 countries
better every day with the finest coatings, application systems and
technology. For more information,
visit axalta.com and follow us
on Facebook, LinkedIn and @axalta on
Twitter.
Forward-Looking StatementsThis release may
contain certain forward-looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995 regarding
Axalta and its subsidiaries. Axalta has identified some of these
forward-looking statements with words such as “believe” and “look
forward” and the negative of these words or other comparable or
similar terminology. All of these statements are based on
management’s expectations as well as estimates and assumptions
prepared by management that, although they believe to be
reasonable, are inherently uncertain. These statements involve
risks and uncertainties, including, but not limited to, economic,
competitive, governmental, geopolitical and technological factors
outside of Axalta’s control, including the effects of COVID-19 and
risks and uncertainties associated with the CFO transition of
Axalta, that may cause its business, industry, strategy, financing
activities or actual results to differ materially. More information
on potential factors that could affect Axalta’s financial results
is available in “Forward-Looking Statements,” “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” within Axalta’s most recent Annual Report on
Form 10-K, and in other documents that we have filed with, or
furnished to, the U.S. Securities and Exchange Commission. Axalta
undertakes no obligation to update or revise any of the
forward-looking statements contained herein, whether as a result of
new information, future events or otherwise.
Axalta
Coating Systems |
Investor Contact |
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Contact |
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Christopher.Evans@axalta.com |
Robert.Donohoe@axalta.com |
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A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/51d69858-035d-484b-9c4d-4dfdbb31338c
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