Axalta Names Dr. Kevin Stein to Board of Directors
31 Julho 2023 - 5:05PM
Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings
company, today announced that Dr. Kevin Stein, President and Chief
Executive Officer of TransDigm Group Incorporated, has been
appointed to Axalta’s Board of Directors as an independent
director, effective September 1, 2023. Stein will serve on Axalta’s
Environment, Health, Safety, and Sustainability and Nominating and
Corporate Governance Committees.
“We are extremely pleased to welcome Kevin to our Board of
Directors as he is a dynamic executive with more than 30 years of
progressive leadership experience,” said Rakesh Sachdev, Axalta’s
Board Chair. “He is a seasoned public company CEO who has driven
significant shareholder value creation. His global perspective and
deep manufacturing experience with top-tier companies will better
enable us to execute on our strategic growth plan.”
Chris Villavarayan, Axalta’s Chief Executive Officer and
President, added, “Kevin is joining Axalta at an exciting time for
us and our shareholders, as we look to further capitalize on our
momentum to position Axalta for continued market leadership,
profitable growth and value creation. He has an impressive track
record driving value across enterprises, and this background will
be a great complement to our Board as we continue our growth
trajectory. I am thrilled that Kevin is joining our Board and look
forward to his partnership."
With the appointment of Stein, Axalta’s Board will be composed
of 10 directors, six of whom have been appointed to the Board since
the beginning of 2020. Axalta’s directors bring unique backgrounds
and experience in areas important to the company’s business,
including executive leadership, finance, audit, information
technology and global operations, and in relevant industries,
including specialty chemicals and Axalta’s end markets.
About Dr. Kevin Stein
Stein currently serves as President and CEO of TransDigm Group
Incorporated, where he also serves on the Board of Directors. He
joined the company in 2014 as Chief Operating Officer of the Power
and Controls Segment. He then became TransDigm’s Chief Operating
Officer and President in January of 2017, before being promoted to
CEO in April of 2018. TransDigm is a leading global designer,
producer and supplier of highly engineered aircraft components for
use on nearly all commercial and military aircraft in service
today.
Prior to joining TransDigm, Stein worked for Precision Castparts
Corporation, now a division of Berkshire Hathaway, in a variety of
senior leadership roles. Previously, Stein served as a division
president for Cooper Industries and Tyco Electronics/Raychem
Corporation.
Among other philanthropic endeavors, Stein serves as a Trustee
for the Cleveland Institute of Music, an independent conservatory
of Music in Cleveland, Ohio and as a Trustee for Gilmour Academy,
an independent, co-educational school in the Cleveland suburb of
Gates Mills, Ohio. Stein earned his bachelor’s degree in chemistry
from Hobart College and his master’s and Ph.D. in inorganic
chemistry from Stanford 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.
Axalta
Coating Systems50 Applied Bank BlvdSuite 300Glen Mills, PA
19342USA |
Investor
ContactChristopher EvansD +1
484-724-4099Christopher.Evans@axalta.com |
Media
ContactRobert DonohoeD +1
267-756-3803Robert.Donohoe@axalta.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/53ebefe8-ffd6-4f8b-ad9d-8f825b80373b
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