CEO succession at PPG: Knavish to become CEO Jan 1, 2023; McGarry Executive Chairman then retiring Oct 1, 2023

PPG INDUSTRIES INC

Tim Knavish elected President and CEO effective Jan 1, 2023; joins Board Oct 20, 2022.
Michael McGarry named Executive Chairman Jan 1, 2023; plans to retire Oct 1, 2023.
Knavish salary set at $1.2M, target bonus $1.74M, equity grant worth $7.5M.
McGarry to receive time-based RSUs valued at $5M, vesting on/after July 1, 2023 retirement.
Knavish previously COO since March 2022; McGarry CEO since Sept 2015.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Michael H. McGarry

Executive Chairman and director

PPG · PPG INDUSTRIES INC

Effective: 2023-10-01
Filed: October 19, 2022, 7:59 PM ET

Mr. McGarry also informed the Board of Directors that he intends to retire as Executive Chairman and as a director of the Company, effective October 1, 2023.

Appointed

Timothy M. Knavish

director

PPG · PPG INDUSTRIES INC

Effective: 2022-10-20
Filed: October 19, 2022, 7:59 PM ET

The Board of Directors also elected Mr. Knavish as a director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael H. McGarry departed as Executive Chairman and director at PPG INDUSTRIES INC.

Action: intends to retire
Role: Executive Chairman and director

Exact text from the filing

Mr. McGarry also informed the Board of Directors that he intends to retire as Executive Chairman and as a director of the Company, effective October 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy M. Knavish was elected as director at PPG INDUSTRIES INC.

Action: elected
Role: director

Exact text from the filing

The Board of Directors also elected Mr. Knavish as a director

View on SEC.gov

PPG INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000079879-22-000072

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