PPG Appoints John Stephenson as Director, Acquisition Integration

Rhea-AI Summary

PPG (NYSE:PPG) has promoted John Stephenson to the position of director, acquisition integration. Reporting to CEO Michael McGarry, Stephenson will oversee the integration of PPG acquisitions, including the pending Tikkurila acquisition. With a tenure at PPG since 1985, he has extensive experience in finance leadership across various segments. His responsibilities will focus on ensuring project goals are met and delivering strategic synergies. PPG reported net sales of $13.8 billion in 2020 and operates in over 70 countries.

Positive

• John Stephenson's promotion could enhance strategic integration of acquisitions.
• Stephenson's extensive experience may lead to effective realization of synergies from acquisitions.

Negative

• None.

PPG (NYSE:PPG) today announced that John Stephenson, current business controller, industrial coatings, has been promoted to director, acquisition integration. In this new global role, Stephenson reports to Michael McGarry, PPG chairman and chief executive officer.

PPG announced that John Stephenson has been promoted to director, acquisition integration. (Photo: Business Wire)

Stephenson is responsible for the overall integration of PPG acquisitions. He will work to prioritize and achieve project goals, plans and key actions; assure integration plans meet PPG’s standards for operational excellence; and deliver strategic synergies. He will also serve as the integration leader for the recently announced Tikkurila acquisition, subject to close.

Stephenson brings a proven track record in a wide range of business unit and functional roles, and has played leadership roles in a number of key PPG acquisitions. Since joining PPG in 1985, he has held finance leadership positions in all PPG industrial segment businesses, and PPG’s global architectural coatings business. His experience includes corporate oversight of financial analysis, financial reporting and audit services.

Stephenson is a graduate of the University of Wisconsin and earned a master of business administration (MBA) degree from the University of Pittsburgh.

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 more than 135 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 $13.8 billion in 2020. 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.

CATEGORY Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20210302005195/en/

FAQ

What is the role of John Stephenson at PPG following his promotion?

John Stephenson has been promoted to director, acquisition integration, responsible for overseeing the integration of PPG's acquisitions.

Which acquisition will John Stephenson oversee as part of his new role?

John Stephenson will serve as the integration leader for the recently announced Tikkurila acquisition.

What are the expected responsibilities of the new director of acquisition integration at PPG?

The responsibilities include prioritizing project goals, ensuring integration plans meet operational excellence, and delivering strategic synergies.

What is PPG's reported net sales figure for 2020?

PPG reported net sales of $13.8 billion in 2020.