Axalta Appoints Chris Evans Vice President, Global Strategy, and Colleen Lubic Vice President, Investor Relations

Rhea-AI Summary

Axalta Coating Systems announced the appointment of Chris Evans as Vice President of Global Strategy and Colleen Lubic as Vice President of Investor Relations, effective immediately. Evans, previously VP of Investor Relations at Axalta, brings extensive experience from Ecovyst, Chemours, and Goldman Sachs. He will now lead Axalta’s Global Strategy and M&A efforts, reporting to Chief Transformation Officer Tim Bowes. Lubic, who joined Axalta as VP of Financial Planning & Analysis in 2022, has a background in finance leadership roles at Campbell Soup Company. She will serve as the primary liaison between Axalta and its shareholders, reporting to CFO Carl Anderson.

Positive

• New leadership appointments may drive strategic initiatives and investor confidence.
• Chris Evans’ experience in investor relations and industry analysis is likely to benefit Axalta’s global strategy efforts.
• Colleen Lubic’s extensive finance background can strengthen Axalta’s investor relations and communication.

Negative

• Leadership changes can cause short-term uncertainty among investors regarding strategic continuity.

PHILADELPHIA, July 08, 2024 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings company, today announced that Chris Evans has been appointed Vice President, Global Strategy and Colleen Lubic has been appointed Vice President, Investor Relations. The appointments are effective immediately and further demonstrate Axalta’s bench strength.

Evans has served as Axalta’s VP, Investor Relations since early 2022. Prior to joining the company, he led the Investor Relations function for Ecovyst and was Director of Investor Relations and Corporate Strategy for Chemours. He also covered the U.S. chemical industry for more than four years as a sell-side equity analyst for Goldman Sachs. Evans began his career at ExxonMobil as a Senior Research Chemist leading a research and development laboratory. In his new role Evans leads Axalta’s Global Strategy and M&A efforts and reports directly to Tim Bowes, Axalta’s Chief Transformation Officer. Evans earned a Ph.D. in chemistry from the University of Rochester and a bachelor’s in chemistry from the Rochester Institute of Technology.

“Chris’s leadership in running Investor Relations at Axalta has been outstanding and his deep understanding of our business will be invaluable to his new role,” said Carl Anderson, Senior Vice President and Chief Financial Officer. “We believe his move to lead global strategy should help accelerate the execution of Axalta’s 2026 A Plan that was launched during our recent Strategy Day.”   

Lubic joined Axalta as Vice President, Financial Planning & Analysis in April 2022. Prior to that, she served in several leadership roles at the Campbell Soup Company, including Divisional Lead, Supply Chain Finance as well as Vice President, Finance for Campbell Company of Canada and Senior Manager, Financial Planning & Analysis for Campbell Soup’s U.S. Beverage business. She began her career as an Auditor at Deloitte. In her new role Lubic serves as the primary liaison between Axalta, shareholders and the investment community, and reports to Anderson. She earned a bachelor’s in accountancy from Villanova University.

“Colleen has been a critical partner for the business as she has drawn on her finance, accounting and business advisory roles over the course of her career,” added Anderson. “Her extensive experience in finance coupled with strong communication skills make her an excellent fit for leading our Investor Relations function.”

About Axalta Coating Systems
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful, and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us on LinkedIn and @axalta on X.

Axalta Coating Systems 1050 Constitution Avenue Philadelphia, PA 19112 USA

Investor Contact Colleen Lubic D +1 (610) 999-9407 Colleen.Lubic@axalta.com

Media Contact Robert Donohoe D +1 267-756-3803 Robert.Donohoe@axalta.com

FAQ

What new positions were announced by Axalta on July 08, 2024?

Axalta announced Chris Evans as Vice President of Global Strategy and Colleen Lubic as Vice President of Investor Relations.

Who is Chris Evans and what is his new role at Axalta?

Chris Evans was appointed Vice President of Global Strategy at Axalta, where he will lead Global Strategy and M&A efforts.

What experience does Chris Evans bring to his new role at Axalta (AXTA)?

Chris Evans has held positions at Ecovyst, Chemours, and Goldman Sachs, and has a Ph.D. in chemistry from the University of Rochester.

Who is Colleen Lubic and what is her new role at Axalta?

Colleen Lubic was appointed Vice President of Investor Relations at Axalta, acting as a liaison between the company and its shareholders.

What is Colleen Lubic's background prior to joining Axalta (AXTA)?

Colleen Lubic held several leadership roles at Campbell Soup Company, including VP of Finance for Campbell Company of Canada.

How might the new appointments at Axalta (AXTA) affect the company’s strategy?

The appointments could enhance strategic execution and investor relations, potentially accelerating the company’s 2026 A Plan.