PPG elects current president COO as new CEO

PPG elects current president and COO as new CEO

4:31 PM, 19th July 2015
PPG elects current president and COO as new CEO
Michael McGarry, current president and chief operating officer, PPG, elected as new chief executive officer, effective 1 September. (File photo)

PITTSBURGH, US: PPG Industries Inc said that Michael McGarry, 57, president and chief operating officer since March, will succeed chairman and CEO Charles Bunch in the role of CEO, effective 1 Sept.

McGarry will join the company’s board of directors and Bunch will continue as executive chairman, PPG said.

“Our company is strong financially and our global business portfolio remains well positioned for future growth. I am looking forward to leading PPG as we continue to focus on our customers, deliver excellent business performance and create additional shareholder value,” said McGarry.

“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,” said Bunch.

During his 34 years with PPG, McGarry has served in a variety of key business and functional leadership roles in the US, 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 SA de CV.

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