Ppg Industries Inc 8-K, filed Sep 26, 2024
Ppg Industries Inc (PPG)
8-K
2024-09-26
For: 2024-09-20
View Original
Added on
April 08, 2026
About this 8-K
Ppg Industries Inc filed this 8-K on September 26, 2024, reporting on events of September 20, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
| FORM | |||||
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 20, 2024
(Exact Name of Registrant as Specified in Charter) | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices, and Zip Code)
(412 ) 434-3131
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |||||||
Ramaprasad Vadlamannati, Senior Vice President, Operations of PPG Industries, Inc. (the “Company”), has announced his intention to retire from the Company. Mr. Vadlamannati will step down as Senior Vice President, Operations, effective October 1, 2024 but will remain with the Company through December 31, 2024. On September 24, 2024, the Company issued a press release reporting Mr. Vadlamannati’s retirement. A copy of the Company’s press release is attached hereto as Exhibit 99.
| Item 9.01 | Financial Statements and Exhibits. | |||||||
(d) Exhibits.
Exhibit Number | Description | |||||||
| 99 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PPG INDUSTRIES, INC. | ||||||||
| (Registrant) | ||||||||
| Date: September 26, 2024 | By: | /s/ Timothy M. Knavish | ||||||
| Timothy M. Knavish | ||||||||
| Chairman and Chief Executive Officer | ||||||||
Exhibit 99
News
PPG Media Contact:
Mark Silvey
Corporate Communications
+1-412-434-3046
silvey@ppg.com
PPG Investor Contact:
Alex Lopez
Investor Relations
+1-412-434-3466
alejandrolopez@ppg.com
investor.ppg.com
PPG announces executive leadership changes
PITTSBURGH, September 24, 2024 – PPG (NYSE:PPG) today announced that Kevin Braun, currently senior vice president, industrial coatings segment, will become senior vice president, operations, effective October 1, 2024. Braun will succeed Ram Vadlamannati, who announced his intention to retire from PPG after 25 years with the company. Vadlamannati will leave the company at the end of the year. Braun will continue to report to Tim Knavish, PPG chairman and CEO, and serve on PPG’s operating committee. In his new role, Braun will lead the operations organization that includes PPG’s supply chain, operational excellence, manufacturing operations, procurement, and environment, health and safety functions. He will also maintain executive oversight accountability for packaging coatings, and specialty coatings and materials. The automotive OEM and industrial coatings businesses, which remain part of the industrial coatings segment, will transition to report directly to Knavish.
“I want to congratulate Ram on a successful career with PPG and thank him for his many contributions,” said Tim Knavish, PPG chairman and CEO. “Ram has been a trusted leader, friend and advisor to me over the last 25 years and in particular as we’ve increased our focus on PPG’s global operations. I also want to recognize Kevin on his next leadership role as we remain focused on strengthening our global operations and the key functions that are a part of this team. This is a critical area of our growth strategy, and I am confident that Kevin and his team will deliver.”
Braun began his career at PPG in 1991 as a production engineer at the Delaware, Ohio, coatings manufacturing facility. He then joined the industrial coatings business in 1994 as a sales/service representative in the appliance division, and in 1997 relocated to Pittsburgh, Pa., as market development manager of the former fiber glass business. In 2000, Braun returned to industrial coatings as market manager, consumer electronics, and in 2001, he became a regional sales manager for industrial coatings. In 2003, Braun relocated to Charlotte, N.C., to join the architectural coatings business as national sales manager for the Lowe’s account, and then to Dallas, Texas, when he became sales director for architectural midwest dealers and stores in 2007. Later that year, Braun relocated to Sydney, Australia, as general manager, architectural coatings, Australia and New Zealand, until he relocated to Pittsburgh, in 2011 as the general manager of silica products. In August 2013, Braun was first elected vice president, global raw materials and Americas purchasing, and then transitioned to vice president, industrial
coatings, Americas. Braun was promoted to a global leadership role for the business unit in March 2020. He became interim industrial segment leader and assumed oversight accountability for the Asia-Pacific region in 2022. In 2023, Braun was named senior vice president, industrial coatings segment.
Vadlamannati joined PPG with the acquisition of ICI Autocolor in 1999. In 2000, he was named president, director of PPG Indonesia based in Jakarta. In 2001, he was appointed manufacturing and supply chain director for PPG's automotive refinish business. Vadlamannati was named markets director, refinish, EMEA (Europe, Middle East and Africa), in 2003, and then became general manager for automotive refinish in the region in 2005. In 2010, he was appointed vice president, automotive refinish, EMEA, based in Rolle, Switzerland, and assumed direction for architectural coatings operations in Western Europe in March 2011. Vadlamannati was named vice president, architectural coatings – EMEA, in 2012 and he was appointed senior vice president, protective and marine coatings in 2016, and added regional leadership responsibility as president, EMEA in 2019. He was appointed to lead operations in Jan. 2023, and he has served on PPG’s operating committee since Sept. 2015.
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.