PPG Announces Leadership Appointments

Rhea-AI Summary

PPG announced leadership changes effective March 1, 2022, for its architectural coatings and traffic solutions sectors. Henrik Bergström will transition to vice president for architectural coatings across Latin America, EMEA, and ANZ, joining the operating committee. Javier Sosa will take over as vice president for architectural coatings in Latin America and president of PPG Comex, while Jaime Irick will expand his role to include traffic solutions. These appointments aim to enhance PPG's strategic direction and operational efficiency in key market regions.

Positive

• Henrik Bergström's promotion to vice president for multiple regions may enhance operational efficiency.
• Jaime Irick's expanded role to include traffic solutions can foster business growth.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced the following leadership appointments for its architectural coatings and traffic solutions businesses, effective March 1, 2022:

Henrik Bergström will become vice president, architectural coatings, Latin America, EMEA (Europe, Middle East and Africa) and ANZ (Australia and New Zealand), effective March 1, 2022. (Photo: Business Wire)

• Henrik Bergström, currently PPG vice president, architectural coatings, Latin America and president, PPG Comex, will become vice president, architectural coatings, Latin America, EMEA (Europe, Middle East and Africa) and ANZ (Australia and New Zealand). In this role, Bergström will join the company’s operating committee and continue reporting to Tim Knavish, who will become PPG chief operating officer (COO), effective March 1, 2022, as previously announced.

• Javier Sosa, currently director, professional division, PPG Comex, will become PPG vice president, architectural coatings, Latin America and president, PPG Comex. Sosa will continue to report to Bergström.

• Jaime Irick, currently PPG vice president, architectural coatings, U.S. and Canada, will assume additional accountability for PPG’s traffic solutions business. Irick will join the company’s operating committee and continue reporting to Knavish.

Before joining PPG in his current position in April 2017, Bergström was senior vice president, business development with AB Electrolux. He advanced through multiple leadership positions with AB Electrolux, including vice president of the Andean region; president of Latin America and Caribbean operations; global vice president for air care products and head of Asia sourcing operations; and president and CEO of small appliances. Bergström holds a master’s degree in marketing and finance from Esade, completed select coursework at Harvard Business School, and holds a degree in marketing and economics from the Stockholm School of Economics.

In his current role, Sosa is responsible for the commercial strategy for medium- and high-volume sales through the Comex concessionaire network in commercial, housing, hospitality, government and industrial sectors, and has oversight of the architectural coatings, protective and marine coatings and traffic solutions portfolios in Mexico and Central America. With more than 20 years of experience at PPG Comex, Sosa has held various leadership positions in marketing, product management and retail design experience areas. He holds a degree in marketing from Universidad Panamericana and a master of business administration (MBA) degree from IPADE Business School. He has also participated in the Retail Forum for Senior Leaders at Harvard Business School and completed a Business Marketing Strategy program at Northwestern University - Kellogg School of Management.

Prior to joining PPG in his current role in July 2019, Irick served as president of the Life Fitness Division of Brunswick Corp. and held leadership roles at the General Electric Company, where he was a GE Company Officer, including chief commercial officer, GE Current; vice president, GE Lighting North America; president and chief executive officer, GE Lighting Solutions; general manager, GE Power Sensing; director of sales, GE Security; and director, Corporate Initiatives Group, GE. Upon graduation from West Point, Irick was commissioned as a second lieutenant. He successfully completed several of the U.S. Army’s most prestigious and challenging leadership courses, including Airborne School and Ranger School. He holds an MBA from Harvard Business School.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for nearly 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 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220202005172/en/

Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

Source: PPG

FAQ

What leadership changes did PPG announce on March 1, 2022?

On March 1, 2022, PPG announced several leadership appointments including Henrik Bergström as vice president for architectural coatings in Latin America, EMEA, and ANZ, Javier Sosa as vice president for architectural coatings in Latin America, and Jaime Irick expanding his role to include traffic solutions.

Who is Henrik Bergström in relation to PPG's new appointments?

Henrik Bergström will become vice president of architectural coatings for Latin America, EMEA, and ANZ, effective March 1, 2022.

What is Jaime Irick's new role at PPG?

Jaime Irick will assume additional responsibilities for PPG's traffic solutions business in addition to his current role.

When did PPG announce these leadership changes?

The leadership changes were announced on February 2, 2022, and will take effect on March 1, 2022.

What impact could these leadership changes have on PPG's operations?

The leadership changes may enhance PPG's strategic direction and operational efficiency, particularly in its architectural coatings and traffic solutions sectors.