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PPG Industries Names New President

Tuesday, February 24, 2015

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The world's largest paint and coatings company has tapped Chief Operating Officer Michael H. McGarry as its next president.

The promotion, announced Thursday (Feb. 19), positions the 34-year PPG veteran to eventually succeed Chairman and CEO Charles E. Bunch, 65.

McGarry, 56, who became COO in August 2014, will remain based at PPG’s global headquarters in Pittsburgh, PA, and will continue to report to Bunch, who says he has no immediate plans to retire.

MichaelMcGarry CharlesBunch
Photos: PPG

Michael F. McGarry (left), a 34-year veteran of PPG Industries, will become the company's president on March 1. The move positions McGarry, now the chief operating officer, as a likely successor to chairman and CEO Charles E. Bunch (right).

McGarry will continue to have executive oversight responsibility for all of PPG’s strategic business units and operating regions and for information technology (IT); environment, health and safety (EH&S); and purchasing.

'Proven Ability'

“Michael’s appointment to president recognizes his continued leadership in driving PPG’s growth as the world’s largest coatings company,” Bunch said in a statement.

“Michael has played a key role in important strategic actions, including PPG’s $1.05 billion acquisition of AkzoNobel’s North American architectural coatings business and the recently completed $2.3 billion acquisition of Consorcio Comex.

"Michael’s proven ability to lead the implementation of our global business strategies will continue to be important in delivering increased shareholder value.”

PPG said McGarry had "served in a variety of key business and functional leadership roles" that had helped transform the company's portfolio during his 34-year tenure.

ComexIndustrial GliddenPaints
Comex (left); Glidden Paints

McGarry helped lead PPG's $2.3 billion acquisition of Consorcio Comex, S.A. de C.V. (left), in 2014; the $1 billion acquisition of Glidden and other AkzoNobel brands in 2013 (right);  and other transformational moves, PPG said.

Consorcio Comex, S.A. de C.V.

In addition to the 2013 AkzoNobel and 2014 Comex acquisitions, he helped lead the 2008 acquisition of SigmaKalon and the 2013 separation of PPG’s former commodity chemicals business, the company said.

Engineer Turned Executive

McGarry joined PPG in 1981 as an engineer at the company’s chemicals complex in Lake Charles, LA, and rose steadily through management assignments that took him to three continents.

His many executive positions have ranged from operations manager, silicas, in Thailand, to vice president, chlor-alkali and derivatives.

In 2006, McGarry was named vice president, coatings, Europe, and managing director, PPG Europe. Two years later, he became senior vice president, commodity chemicals.

In 2012, he was named executive vice president, overseeing the automotive refinish, aerospace, global architectural, and protective and marine coatings businesses, as well as the Europe, Middle East and Africa (EMEA) and Asia Pacific regions, and the EH&S and IT functions.

McGarry also serves as a director on the boards of Axiall Corporation and Pittsburgh Glass Works LLC.



Tagged categories: AkzoNobel; Asia Pacific; Coating Materials; Coatings manufacturers; Comex; EMEA (Europe, Middle East and Africa); Latin America; North America; Personnel; PPG

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