---
schema_version: "secwatch.filing_event.v1"
accession: "0000079879-22-000072"
form_type: "8-K"
ticker: "PPG"
cik: "0000079879"
company_name: "PPG INDUSTRIES INC"
filed_at: "2022-10-19T23:59:59+00:00"
generated_at: "2026-06-23T02:48:32.513837+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000079879-22-000072
- form_type: 8-K
- ticker: PPG
- cik: 0000079879
- company_name: PPG INDUSTRIES INC
- filed_at: 2022-10-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79879/000007987922000072/0000079879-22-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79879/000007987922000072/ppg-20221019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079879-22-000072
- JSON: https://secwatch.observer/filing/0000079879-22-000072.json
- Plain text: https://secwatch.observer/filing/0000079879-22-000072.txt

## Key facts
- Executive change
  Michael H. McGarry departed as Executive Chairman and director at PPG INDUSTRIES INC.
  - Action: intends to retire
  - Role: Executive Chairman and director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/79879/000007987922000072/0000079879-22-000072-index.htm
- Executive change
  Timothy M. Knavish was elected as director at PPG INDUSTRIES INC.
  - Action: elected
  - Role: director
  source text: The Board of Directors also elected Mr. Knavish as a director
  evidence_url: https://www.sec.gov/Archives/edgar/data/79879/000007987922000072/0000079879-22-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.