International. Michael H. McGarry, who has been Chief Executive Officer since September 2015, will become Executive Chairman effective January 1, 2023.
The multinational PPG announced that Tim Knavish, chief operating officer of PPG , will be the president and chief executive officer (CEO) of this firm as of January 1, 2023.
Knavish, 57, who has served as PPG's chief operating officer since March, will succeed President and CEO Michael McGarry, 64, as chief executive officer.
McGarry has also announced to PPG's board of directors his intention to retire as the company's executive chairman and director effective October 1, 2023.
"Our global business portfolio remains well positioned for future growth and to successfully navigate through today's global economic challenges," said Knavish.
"I look forward to continuing to work with more than 50,000 PPG people worldwide to support our clients, deliver excellent business performance and create additional shareholder value."
McGarry said, "Tim is a well-respected business leader who has played a pivotal role in growing PPG in the markets we serve."
"Tim's proven ability to lead the implementation of our global business strategies and his focus on continuously strengthening our operations and energizing our diverse workforce will be important in delivering on our growth strategy."
McGarry has served as president and CEO of PPG since September 2016. During his more than 40 years with PPG, he served in a variety of key commercial and functional leadership roles in the United States, Europe and Asia, and led several strategic actions that transformed PPG's business portfolio.
