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Axalta Names Tyrone Michael Jordan to Board of Directors

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Axalta Coating Systems (NYSE: AXTA) has appointed Tyrone Michael Jordan to its Board of Directors, effective immediately. Mr. Jordan will participate in the Environment, Health, Safety & Sustainability Committee and the Nominating and Corporate Governance Committee. He brings extensive experience from his previous roles in the global mobility and aerospace sectors, notably as President & COO of DURA Automotive Systems. His expertise in scaling technologies aligns with Axalta's growth strategy, particularly in promoting its Mobility business. The Board now comprises ten directors with diverse expertise.

Positive
  • Tyrone Jordan's appointment enhances Board diversity with expertise in mobility and aerospace.
  • Mr. Jordan's background in innovation may strengthen Axalta's technological advancements.
  • His leadership experience in operations could positively influence Axalta's global growth strategy.
Negative
  • Concerns about continuity in leadership given the recent change.
  • Potential experience gaps in specific sectors not covered by new board member.

PHILADELPHIA, June 9, 2021 /PRNewswire/ -- Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, today announced that Tyrone Michael Jordan (TJ) has been appointed to its Board of Directors, effective immediately. He will serve on the Company's Environment, Health, Safety & Sustainability Committee and Nominating and Corporate Governance Committee.

"We are extremely pleased to welcome TJ to the Axalta Board of Directors and look forward to his contributions in helping Axalta achieve its ambitious growth agenda," said Mark Garrett, Axalta's Board Chair. "As an accomplished leader in the global mobility and aerospace industries, TJ brings valuable experience and insights relevant to Axalta's Mobility business, as well as a strong international and innovation background."

With the appointment of Mr. Jordan, Axalta's Board is composed of ten directors, all with unique backgrounds and experience in areas important to Axalta's business, including executive leadership, finance, audit, management consulting and global operations, and in relevant industries, including specialty chemicals and several of Axalta's end markets.

"TJ's experience scaling new technologies makes him an ideal addition to our Board as Axalta continues to leverage our best-in-class technologies to grow our businesses globally," added Robert Bryant, Axalta's Chief Executive Officer. "TJ's counsel will be invaluable as we execute on the strategy that we announced at our recent Capital Markets Day event in May."

Mr. Jordan, 59, is the former President & Chief Operating Officer of DURA Automotive Systems, a tier one supplier of mechatronic control systems for hybrid/electric vehicle systems, Advanced Driver Assist Systems (ADAS), and luxury trim systems for premier automotive brands, where he was responsible for strategic growth, innovation, technology and six sigma operational initiatives across the global enterprise, including operations in Asia, Europe, North America and South America. Under his leadership, DURA instituted new electric vehicle/hybrid intelligent technologies and an operational excellence transformation strategy to ensure the efficiency and flexibility needed to thrive during the next technological period of mobility evolution.

Mr. Jordan joined DURA in 2015, following an accomplished 30-year career which included executive roles at General Motors Corporation (GM) and United Technologies Corporation (UTC). While at GM, which included assignments living internationally in Brazil, China and Mexico, Mr. Jordan held a variety of leadership positions in operations, business development, mergers and acquisitions, engineering, strategy, and new innovation & technology product development, ultimately serving as GM's Executive Vice President, Global Operations and Customer Experience. Mr. Jordan also served UTC in prominent roles that included Global Senior Vice President, Operations and Supply Chain, Aerospace Systems.

Mr. Jordan received his Executive Aerospace & Defense Master of Business Administration (ADMBA) in Operations, Strategy & Finance with Highest Distinction from the Haslam Business School at the University of Tennessee, a B.S. in Pre-law from Eastern Michigan University, and a BASc in Industrial Engineering Technology from Purdue University.

Mr. Jordan currently serves on the boards of directors of Oshkosh Corporation, TPI Composites, Inc. and Trinity Industries, Inc. He also serves on the Dean's Advisory Board of the College of Business of Eastern Michigan University.

About Axalta Coating Systems:

Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, buildings, pipelines and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. 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 130 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us @Axalta on Twitter and on LinkedIn.

Contact
Christopher Mecray
D +1 215 255 7970
Christopher.Mecray@axalta.com

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SOURCE Axalta Coating Systems Ltd.

FAQ

What is the significance of Tyrone Michael Jordan's appointment to Axalta's Board of Directors?

Tyrone Michael Jordan's appointment is significant due to his extensive experience in global mobility and aerospace, which aligns with Axalta's strategic goals, particularly in its Mobility business.

How many directors are on Axalta's Board following this appointment?

Following the appointment of Tyrone Michael Jordan, Axalta's Board now consists of ten directors.

What committees will Tyrone Michael Jordan serve on at Axalta?

Tyrone Michael Jordan will serve on the Environment, Health, Safety & Sustainability Committee and the Nominating and Corporate Governance Committee.

What experience does Tyrone Michael Jordan bring to Axalta?

Tyrone Michael Jordan brings significant experience from his previous roles, including President & COO of DURA Automotive Systems, focusing on strategic growth and innovation in the automotive industry.

When was Tyrone Michael Jordan appointed to Axalta's Board?

Tyrone Michael Jordan was appointed to Axalta's Board of Directors on June 9, 2021.

Axalta Coating Systems Ltd.

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Paints, Varnishes, Lacquers, Enamels & Allied Prods
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