Stephen F. Angel to retire from PPG board of directors

Rhea-AI Summary

PPG (NYSE:PPG) announced the retirement of Stephen F. Angel, 68, from the board of directors, effective February 15, 2024. Angel played a crucial role in guiding PPG through complex issues and decisions. He served on the board for more than 13 years and contributed as a member of various committees. Angel's leadership and experience will be missed, and he will be serving as the chairman of the board of Linde plc and chair of the GE Vernova board. PPG reported net sales of $18.2 billion in 2023, operating in more than 70 countries and serving customers in various markets.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced that Stephen F. Angel, 68, has informed the board of directors of his decision to retire from the PPG board, effective at the conclusion of the Board’s February 15, 2024 meeting.

PPG announced that Stephen F. Angel has informed the board of directors of his decision to retire from the PPG board, effective at the conclusion of the Board’s February 15, 2024 meeting. (Photo: Business Wire)

“Throughout his more than 13 years serving on PPG’s board of directors, including chairing the Human Capital Management and Compensation Committee and the Sustainability and Innovation Committee for periods of time, and contributing as a member of the Nominating and Governance Committee, Steve has provided invaluable insights and guidance. His leadership has played an important role in helping PPG and its leaders navigate complex issues and important decisions that have helped to further strengthen our business,” said Tim Knavish, PPG chairman and CEO. “We thank Steve for his service and valued counsel to three PPG CEOs. His strategic mindset, global industry insights and proven experience will be missed. I would personally like to thank Steve for his mentorship over the years, including during my CEO transition.”

Angel became the chairman of the board of Linde plc as of March 1, 2022. Prior to that, he served as the chief executive officer of Linde plc from October 2018 to February 2022. He was chairman, president and chief executive officer of Praxair, Inc. from 2007 to 2018. Angel joined Praxair in 2001 as an executive vice president and was named president and chief operating officer in February 2006. Prior to joining Praxair, he spent 22 years in a variety of management positions with General Electric Company (GE).

Angel serves on the board of directors of GE, where he chairs the Management Development and Compensation Committee. It has also been announced that Angel will serve as chair of the GE Vernova board – the planned independent public company that will be created following its spin-off from GE. He was previously on the board of directors of the Hydrogen Council and the US-China Business Council, respectively, and is currently a member of The Business Council.

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 more than 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 70 countries and reported net sales of $18.2 billion in 2023. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

CATEGORY Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20240119454132/en/

PPG Media Contact:

Mark Silvey

Corporate Communications

silvey@ppg.com

PPG Investor Contact:

Jonathan Edwards

Investor Relations

+1-412-434-3466

jonathanedwards@ppg.com

investor.ppg.com

Source: PPG

FAQ

When is Stephen F. Angel retiring from the PPG board of directors?

Stephen F. Angel is retiring from the PPG board of directors effective at the conclusion of the Board’s February 15, 2024 meeting.

What role did Stephen F. Angel play during his time on PPG's board of directors?

Stephen F. Angel served on PPG's board of directors for more than 13 years, chairing the Human Capital Management and Compensation Committee and the Sustainability and Innovation Committee for periods of time, and contributing as a member of the Nominating and Governance Committee.

What is PPG's net sales for 2023?

PPG reported net sales of $18.2 billion in 2023.

Where does PPG operate and innovate?

PPG operates and innovates in more than 70 countries.

In which markets does PPG serve its customers?

PPG serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.