Axalta Appoints New Board Member
Global liquid and powder coatings supplier Axalta Coating Systems recently announced that it has appointed Rakesh Sachdev to its Board of Directors. Sachdev is now serving on the company’s Nominating and Corporate Governance Committee and Compensation Committee.
The appointment went into effect Aug. 24.
"The Axalta Board of Directors always seeks to optimize the balance of expertise, experience and diversity amongst our directors,” said Mark Garrett, Axalta's Board Chair. “In welcoming Rakesh, we are adding to our Board an outstanding leader with a deep knowledge of Axalta's end markets and business transformation. His impressive global business leadership track record and familiarity with automotive and commercial vehicle markets also make him a great fit for the Axalta team."
With the appointment of Sachdev, Axalta's Board is composed of nine directors, all with backgrounds including executive leadership, finance, auditing, management consulting and global operations, and in relevant industries, including specialty chemicals and several of Axalta's end markets, according to the company.
"Rakesh's experience leading innovation-focused organizations makes him an ideal addition to our Board as Axalta seeks to continue to leverage our best-in-class technologies to grow our businesses globally," added Robert Bryant, Axalta's Chief Executive Officer. "I am excited to have Rakesh's voice at the table as we continue to seek opportunities to create and deliver shareholder value."
Sachdev most recently served as CEO of Platform Specialty Products Corporation, now renamed Element Solutions Inc., a global specialty chemicals company, from 2016-19. Prior to that, Sachdev led Sigma-Aldrich Corporation, a global life sciences and technology company, as its President and CEO from 2010-15, when it was acquired by Merck KGaA.
Sachdev received his B.S. in mechanical engineering from the Indian Institute of Technology, Delhi, in 1977, his M.S. in mechanical engineering from the University of Illinois at Urbana-Champaign in 1981 and his M.B.A. from Indiana University in 1986.
Sachdev is currently Chairman of the Board of Regal Beloit Corporation and serves as a board member of Edgewell Personal Care and Avantor, Inc. He is also a senior advisor at New Mountain Capital and serves on its portfolio boards of Aceto Corp. and ILC Dover. He currently serves as a member of the Board of Trustees of Washington University in St. Louis and has, in the past, served as a board member and Chair of the Federal Reserve Bank of St. Louis.