PPG Industries Management

Management criteria checks 3/4

PPG Industries' CEO is Michael McGarry, appointed in Sep 2015, has a tenure of 7.17 years. total yearly compensation is $13.20M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options. directly owns 0.085% of the company’s shares, worth €23.17M. The average tenure of the management team and the board of directors is 4.8 years and 5.8 years respectively.

Key information

Michael McGarry

Chief executive officer

US$13.2m

Total compensation

CEO salary percentage	9.8%
CEO tenure	7.2yrs
CEO ownership	0.08%
Management average tenure	4.8yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michael McGarry's remuneration changed compared to PPG Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$13m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$16m	US$1m	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$15m	US$1m	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$12m	US$1m	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$14m	US$1m	US$1b
Sep 30 2017	n/a	n/a	US$1b
Jun 30 2017	n/a	n/a	US$704m
Mar 31 2017	n/a	n/a	US$546m
Dec 31 2016	US$12m	US$1m	US$543m
Sep 30 2016	n/a	n/a	US$751m
Jun 30 2016	n/a	n/a	US$1b
Mar 31 2016	n/a	n/a	US$1b
Dec 31 2015	US$6m	US$846k	US$1b

Compensation vs Market: Michael's total compensation ($USD13.20M) is above average for companies of similar size in the German market ($USD4.53M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael McGarry (64 yo)

7.2yrs

Tenure

US$13,199,616

Compensation

Mr. Michael H. McGarry serves as Chairman of the Board for Tikkurila Oyj since June 14, 2021. He has been the Chief Executive Officer and Chairman of the Board at PPG Industries, Inc. since September 1, 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael McGarry	Chairman & CEO	7.2yrs	US$13.20m	0.085% $ 23.2m
Vincent Morales	Senior VP & CFO	5.7yrs	US$3.74m	0.013% $ 3.6m
Timothy Knavish	COO & Director	less than a year	US$3.09m	0.011% $ 3.0m
Anne Foulkes	Senior VP & General Counsel	4.3yrs	US$2.19m	0.0070% $ 1.9m
Malesia Dunn	Executive Director of PPG Foundation	no data	no data	no data
Brian Williams	VP, Global Director of Finance for Automotive Refinish and Controller & Chief Accounting Officer	1.3yrs	no data	0.00080% $ 219.0k
David Bem	VP of Science & Technology and CTO	7yrs	no data	no data
Bhaskar Ramachandran	VP & CIO	1.7yrs	no data	no data
John Bruno	Vice President of Investor Relations	5.3yrs	no data	no data
Peg Curry	Head of Corporate Business Communications & Administrative Secretary	no data	no data	no data
Jeffrey Davies	Vice President of Corporate Development	9.3yrs	no data	no data
Kevin Walling	VP & Chief Human Resources Officer	2.8yrs	no data	no data

4.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: PPQ's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael McGarry	Chairman & CEO	7.3yrs	US$13.20m	0.085% $ 23.2m
Timothy Knavish	COO & Director	less than a year	US$3.09m	0.011% $ 3.0m
Hugh Grant	Independent Lead Director	17.2yrs	US$335.07k	0.00043% $ 117.7k
Kathleen Ligocki	Independent Director	2.6yrs	US$280.07k	0.000050% $ 13.7k
Stephen Angel	Independent Director	11.9yrs	US$310.07k	0.00043% $ 117.7k
Gary Heminger	Independent Director	5.3yrs	US$280.07k	0.00021% $ 57.5k
Martin Richenhagen	Independent Director	15.2yrs	US$280.07k	0.012% $ 3.3m
Michael Lamach	Independent Director	7.6yrs	US$280.07k	0.00043% $ 117.7k
Catherine Smith	Independent Director	3.6yrs	US$305.07k	0.0016% $ 451.7k
Melanie Healey	Independent Director	6.3yrs	US$305.07k	0.0022% $ 596.8k
Guillermo Novo	Independent Director	1.8yrs	US$280.07k	0.00012% $ 32.9k
Michael Nally	Independent Director	1.8yrs	US$280.07k	0.00011% $ 30.1k

5.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: PPQ's board of directors are considered experienced (5.8 years average tenure).

PPG Industries Management

Management criteria checks 3/4

Key information

Recent management updates

PPG Names Robert Massy as Senior Vice President and Chief Human Resources Officer

PPG Industries, Inc., Annual General Meeting, Apr 18, 2024

PPG Industries, Inc. Announces Executive Appointments, Effective March 1, 2024

PPG Industries, Inc. Announces Retirement of Stephen F. Angel from Board of Directors, Effective February 15, 2024

PPG Appoints Jonathan Edwards as Director, Investor Relations

PPG Announces Daniel G. Korte Intends to Retire as Senior Vice President, Aerospace Coatings

Recent updates

PPG Industries, Inc. Declares Quarterly Dividend, Payable on June 12, 2024

PPG Names Robert Massy as Senior Vice President and Chief Human Resources Officer

PPG Industries, Inc. to Report Q1, 2024 Results on Apr 18, 2024

PPG Industries, Inc., Annual General Meeting, Apr 18, 2024

PPG Expands Speedhide Professional Paint Line by Ppg with Introduction of Speedhide Max Paint

PPG Industries, Inc. Announces Executive Appointments, Effective March 1, 2024

PPG Industries, Inc. Announces Retirement of Stephen F. Angel from Board of Directors, Effective February 15, 2024

PPG Announces Quarterly Dividend, Payable on March 12, 2024

PPG Appoints Jonathan Edwards as Director, Investor Relations

PPG Industries, Inc. to Report Q4, 2023 Results on Jan 18, 2024

PPG Announces Daniel G. Korte Intends to Retire as Senior Vice President, Aerospace Coatings

PPG Announces Quarterly Dividend, Payable on December 12, 2023

PPG Industries, Inc. Provides Sales Guidance for the Fourth Quarter of 2023

PPG Industries, Inc. Announces Election of Tim Knavish as Chairman; Michael McGarry to Retire as Executive Chairman, Effective October 1, 2023

PPG Industries, Inc. to Report Q3, 2023 Results on Oct 18, 2023

PPG Industries, Inc. Introduces PPG LINQ Color Software and PPG Magicbox Body Shop Assistant for the Refinish Industry

PPG Appoints Xiaobing Nie as President, Effective August 1, 2023

PPG Industries, Inc. Provides Sales Guidance for the Third Quarter of 2023

PPG Announces Executive Changes

PPG Industries, Inc. to Report Q2, 2023 Results on Jul 20, 2023

PPG Industries, Inc. Provides Earnings Guidance for the First Quarter 2023

PPG Announces Management Changes

PPG Announces Executive changes

PPG Industries, Inc. to Report Q4, 2022 Results on Jan 19, 2023

PPG Declares Quarterly Dividend, Payable on December 12, 2022

PPG Industries, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

PPG unveils Behind-The-Scenes Look at This Summer’s Most Exclusive Pool Party in Celebration of the Launch of New GLIDDEN® Floor Paint and Concrete Stain Product Line by PPG Featuring Cool Surface Technology

PPG Unveiles Behind-The-Scenes Look at This Summer’s Most Exclusive Pool Party in Celebration of the Launch of New GLIDDEN® Floor Paint and Concrete Stain Product Line by PPG Featuring Cool Surface Technology

PPG Industries, Inc. to Report Q3, 2022 Results on Oct 19, 2022

PPG Announces Resignation of Rebecca Liebert as Executive Vice President, Effective September 16, 2022

Ppg Appoints Brad Budde as Chief Digital Officer, Effective September 6, 2022

Upcoming dividend of US$0.62 per share

PPG Announces PPG INNOVEL PRO Technology

Second quarter 2022 earnings released: EPS: US$1.87 (vs US$1.81 in 2Q 2021)

PPG Industries, Inc. Provides Earnings Guidance for the Third Quarter of 2022

PPG Industries, Inc. Announces Sad Demise of Steven A. Davis, A Member of the Company's Board of Directors

PPG Industries, Inc. to Report Q2, 2022 Results on Jul 21, 2022

PPG Announces Introduction of PPG VISUALIZID™ Advanced 3D Visualization Software and PPG DIGIMATCH™ Digital Color Camera

PPG Launch of PPG Envirocron Lum Retroreflective Powder Coating

Vance Street Management LLC acquired Eberle Design Inc. from PPG Industries, Inc. (NYSE:PPG).

PPG Names Official Paint of Walt Disney World Resort and Disneyland Resort

PPG Showcases Innovations in Paints, Coatings, Specialty Materials that Enhance Sustainability, Efficiency, Mobility

PPG Industries, Inc. ENVIROCRON LUM Retroreflective Coating Illuminates New Lyft E-bikes

Upcoming dividend of US$0.59 per share

First quarter 2022 earnings released: EPS: US$0.076 (vs US$1.59 in 1Q 2021)

PPG Announces Entry Into Spray Paint Category With Launch of GLIDDEN MAX FLEX Spray Paint

First quarter 2022 earnings released: EPS: US$0.076 (vs US$1.59 in 1Q 2021)

PPG Industries, Inc., Annual General Meeting, May 09, 2022

PPG Industries, Inc. (NYSE:PPG) completed the acquisition of Powder Coatings Business of Arsonsisi s.p.a.

PPG PSX Coatings Receive C4H Certification for Corrosion Resistance

PPG Industries, Inc. Announces the Launch of PPG AMERLOCK 600

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.59 per share

PPG Industries, Inc. (NYSE:PPG) signed an agreement to acquire Powder Coatings Business of Arsonsisi s.p.a.

PPG Industries, Inc. (NYSE:PPG) signed an agreement to acquire Powder Coatings Business of Arsonsisi s.p.a.

Now 22% undervalued after recent price drop

PPG Industries, Inc. Provides Earning Guidance for the First Quarter of 2021

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

PPG Introduces SPECTRACRON Splash Two-Coat Liquid Coating System for Kitchen, Bath Market

PPG Uses Patented PPG Ambient Reactive Extrusion Technology to 3D Print Ramp Seals for Lockheed Martin’s C-130J Super Hercules

Upcoming dividend of US$0.59 per share

Third quarter 2021 earnings released: EPS US$1.45 (vs US$1.87 in 3Q 2020)

PPG to Launch PPG LINQ End-To-End Digital Solution for Global Refinish Industry

VP & Corporate Controller William Schaupp has left the company

Upcoming dividend of US$0.59 per share

Second quarter 2021 earnings released: EPS US$1.81 (vs US$0.42 in 2Q 2020)

PPG Industries, Inc. Provides Financial Guidance for the Third Quarter of 2021

Second quarter 2021 earnings released: EPS US$1.81 (vs US$0.42 in 2Q 2020)

PPG Completes Production Trials of PPG Desothane HD CA9007 Basecoat-Clearcoat System on Boeing 767 Freighter Aircraft for FedEx