PPG (NYSE:PPG) today announced that Tim Knavish, chief operating
officer, has been named president and chief executive officer
(CEO), effective Jan. 1, 2023. Knavish will join the company’s
Board of Directors, effective October 20, 2022.
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Tim Knavish has been named PPG president
and chief executive officer (CEO), effective Jan. 1, 2023. Knavish
will join the company’s Board of Directors, effective October 20,
2022. (Photo: Business Wire)
Knavish, 57, who has served as PPG’s chief operating officer
since March, will succeed Chairman and CEO Michael McGarry, 64, in
the role of CEO. McGarry, who has served as CEO since September
2015, will become Executive Chairman, effective Jan. 1, 2023.
McGarry also has announced to the PPG Board of Directors his
intention to retire as Executive Chairman and as a director of the
Company, effective October 1, 2023.
“I want to thank Michael and the PPG Board of Directors for
their trust and confidence as we continue to drive PPG forward. Our
global business portfolio remains well positioned for future growth
and to successfully navigate through the current global economic
challenges,” said Knavish. “I look forward to continuing to work
with the more than 50,000 PPG people across the world to support
our customers, deliver excellent business performance and create
additional shareholder value.”
“Tim is a highly respected business leader who has played an
instrumental role in PPG’s growth across the markets we serve,”
McGarry said. “His leadership has been invaluable as PPG has
executed several important strategic actions, including PPG’s
recent acquisitions and successful integrations of Tikkurila and
Ennis-Flint, now PPG’s Traffic Solutions business. Tim’s proven
ability to lead the implementation of our global business
strategies, and his focus on continuously strengthening our
operations and energizing our diverse workforce will be important
in delivering on our growth strategy.”
“On behalf of the PPG Board of Directors, we want to
congratulate Tim and also recognize Michael’s outstanding
leadership and strategic vision in guiding PPG through some of the
most challenging periods in its nearly 140-year history,” said Hugh
Grant, PPG independent lead director and retired chairman and chief
executive officer, Monsanto Company. “Michael’s leadership in
completing several of PPG’s largest acquisitions has made a
significant impact on expanding the company’s portfolio and reach
in key growth markets. We thank him for his many contributions and
look forward to benefiting from his continued leadership as
executive chairman of PPG’s Board of Directors. As we look ahead,
the board fully supports Tim and the entire PPG team as they work
to achieve future growth and increased value for our
shareholders.”
McGarry has served as chairman and CEO of PPG since September
2016. During his more than 40 years with PPG, he has served in a
variety of key business and functional leadership roles in the
U.S., Europe and Asia, and led several strategic actions that
transformed PPG’s business portfolio. McGarry currently serves on
the board of directors of United States Steel Corporation (NYSE:
X), Shin-Etsu Chemical Co., Ltd., and the National Association of
Manufacturers. He is a former member of the board of Axiall
Corporation, and former chairman of the board of directors of The
American Coatings Association (ACA).
Knavish joined PPG in 1987 at PPG’s global headquarters in
Pittsburgh. He advanced through roles of increasing responsibility
in several key businesses and functions, including serving as plant
manager for the East Point, Georgia, architectural coatings
manufacturing facility. In 2005, Knavish moved to Australia as
managing director, Australia and New Zealand coatings, and general
manager, automotive refinish. In 2007, Knavish returned to the U.S.
where he assumed responsibility for automotive coatings, Americas,
and in early 2010, he was named a vice president. In 2012, he was
appointed global vice president, protective and marine coatings and
in 2016 became senior vice president, automotive coatings.
Knavish was named senior vice president, industrial coatings in
2017. In addition to global leadership of PPG’s industrial
coatings, packaging coatings and coatings services businesses,
Knavish was responsible for the global procurement function and for
PPG’s Asia Pacific region. In January 2019, he was appointed senior
vice president, architectural coatings and president, PPG Europe,
Middle East and Africa.
Prior to being named chief operating officer, Knavish served as
executive vice president beginning in October 2019, where he was
responsible for PPG’s global architectural coatings businesses; the
global automotive refinish business; the Latin America region; and
the digital and information technology functions.
A native of Pittsburgh, Knavish earned both a bachelor’s degree
in mechanical engineering and an M.B.A. from the University of
Pittsburgh. He currently serves on the board of directors of the
United Way of Southwestern Pennsylvania.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the
paints, coatings and specialty materials that our customers have
trusted for nearly 140 years. Through dedication and creativity, we
solve our customers’ biggest challenges, collaborating closely to
find the right path forward. With headquarters in Pittsburgh, we
operate and innovate in more than 75 countries and reported net
sales of $16.8 billion in 2021. We serve customers in construction,
consumer products, industrial and transportation markets and
aftermarkets. To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG
Logo are registered trademarks of PPG Industries Ohio, Inc.
CATEGORY Corporate
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PPG Media Contact: Mark Silvey Corporate Communications
+1-412-434-3046 silvey@ppg.com
Investor Contact: John Bruno Investor Relations
+1-412-434-3466 jbruno@ppg.com investor.ppg.com
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