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Effective September 1, Michael H. McGarry will become president and CEO of PPG industries. He will also join the company’s board of directors immediately.
McGarry, 57, has served as the company’s president and chief operating officer since March and will succeed chairman and CEO Charles E. Bunch.
Bunch, who has led PPG for the last decade, will continue as Executive Chairman.
“Our company is strong financially and our global business portfolio remains well positioned for future growth,” McGarry says. “I am looking forward to leading PPG as we continue to focus on our customers, deliver excellent business performance and create additional shareholder value.”
Bunch is confident his successor will fill his new role well.
“Michael is a proven strategic leader who is ideally suited to lead PPG,” he says. “He brings a strong focus on operational excellence and an unwavering commitment to PPG’s core values.”
During his 34 years with PPG, McGarry has served in a variety of key business and functional leadership roles in the United States, Europe and Asia. In recent years, he helped lead several strategic actions that have transformed PPG’s business portfolio, most notably the acquisition of SigmaKalon; the separation of PPG’s former commodity chemicals business; the acquisition and integration of AkzoNobel’s North American architectural coatings business; and, most recently, the acquisition of Consorcio Comex, S.A. de C.V.
