PPG Industries Management

Management criteria checks 1/4

PPG Industries' CEO is Tim Knavish, appointed in Jan 2023, has a tenure of 1.67 years. total yearly compensation is $12.47M, comprised of 9.6% salary and 90.4% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth $5.52M. The average tenure of the management team and the board of directors is 1.7 years and 4.4 years respectively.

Key information

Tim Knavish

Chief executive officer

US$12.5m

Total compensation

CEO salary percentage	9.6%
CEO tenure	1.7yrs
CEO ownership	0.02%
Management average tenure	1.7yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Knavish's remuneration changed compared to PPG Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$12m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$3m	US$867k	US$1b
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$3m	US$700k	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$4m	US$638k	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$3m	US$650k	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$2m	US$569k	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$2m	US$477k	US$1b

Compensation vs Market: Tim's total compensation ($USD12.47M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.

CEO

Tim Knavish (58 yo)

1.7yrs

Tenure

US$12,472,955

Compensation

Mr. Timothy M. Knavish, also known as Tim, is Director of Rockwell Automation, Inc. since February 07, 2024. He serves as Director for Tikkurila Oyj since June 14, 2021. He served as Chief Operating Office...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Knavish	CEO & Chairman	1.7yrs	US$12.47m	0.018% $ 5.5m
Vincent Morales	Senior VP & CFO	7.5yrs	US$5.79m	0.016% $ 5.0m
Ramaprasad Vadlamannati	Senior Vice President of Global Operations	1.7yrs	US$3.28m	0.0081% $ 2.5m
Anne Foulkes	Senior VP & General Counsel	6.1yrs	US$3.36m	0.010% $ 3.2m
Amy Ericson	Senior Vice President of Protective & Marine Coatings	6.2yrs	US$2.24m	0.0077% $ 2.4m
Malesia Dunn	Executive Director of PPG Foundation	no data	no data	no data
David Bem	Senior VP of Science & Technology and CTO	8.8yrs	no data	no data
Jonathan Edwards	Director of Investor Relations	less than a year	no data	no data
Peg Curry	Head of Corporate Business Communications & Administrative Secretary	no data	no data	no data
Robert Massy	Senior VP & Chief Human Resources Officer	less than a year	no data	no data
Randy Koch	Head of Sales Zone - Region 2	no data	no data	no data
Kevin Braun	Senior Vice President of Industrial Coatings Segment	1.3yrs	no data	0.0044% $ 1.4m

1.7yrs

Average Tenure

58yo

Average Age

Experienced Management: 0KEI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Knavish	CEO & Chairman	1.9yrs	US$12.47m	0.018% $ 5.5m
Kathleen Ligocki	Independent Director	4.4yrs	US$300.10k	0.000050% $ 15.7k
Gary Heminger	Independent Director	7.2yrs	US$335.10k	0.00021% $ 65.9k
Martin Richenhagen	Independent Director	17yrs	US$300.10k	0.013% $ 4.1m
Michael Lamach	Lead Independent Director	9.4yrs	US$347.60k	0.00043% $ 135.0k
Catherine Smith	Independent Director	5.4yrs	US$300.10k	0.0027% $ 847.6k
Melanie Healey	Independent Director	8.2yrs	US$325.10k	0.0032% $ 1.0m
Guillermo Novo	Independent Director	3.6yrs	US$300.10k	0.00012% $ 37.7k
Michael Nally	Independent Director	3.6yrs	US$300.10k	0.00011% $ 34.5k
Christopher Roberts	Independent Director	less than a year	US$144.28k	0.000040% $ 12.6k
Kathy Fortmann	Director	less than a year	no data	0.00011% $ 34.5k

4.4yrs

Average Tenure

61yo

Average Age

Experienced Board: 0KEI's board of directors are considered experienced (4.4 years average tenure).

PPG Industries Management

Management criteria checks 1/4

Key information

Recent management updates

PPG Industries, Inc. Announces Executive Changes

PPG Announces Changes to Management Team, Effective June 1, 2024

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

Recent updates

PPG Industries, Inc. Announces Executive Changes

PPG Launches PPG PITT-Therm 909 Spray-On Insulation Coating for Oil and Gas, Infrastructure Industries

PPG Launches PPG PRIMERONTM Optimal Powder Primer with Optimized Zinc

Upcoming dividend of US$0.68 per share

PPG Industries, Inc. Launches Portfolio of Energy-Curable Coatings for Coiled Metal

Second quarter dividend increased to US$0.68

Second quarter 2024 earnings released: EPS: US$2.25 (vs US$2.08 in 2Q 2023)

Now 23% undervalued after recent price drop

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

PPG Industries, Inc.(NYSE:PPG) dropped from Russell Midcap Growth Index

Now 24% undervalued after recent price drop

Now 24% undervalued after recent price drop

Now 24% undervalued after recent price drop

PPG Industries, Inc. to Report Q2, 2024 Results on Jul 18, 2024

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

PPG Announces Changes to Management Team, Effective June 1, 2024

Now 21% undervalued after recent price drop

First quarter dividend of US$0.65 announced

PPG Industries, Inc. (NYSE:PPG) announces an Equity Buyback for $2,500 million worth of its shares.

First quarter 2024 earnings released: EPS: US$1.70 (vs US$1.12 in 1Q 2023)

Now 22% undervalued after recent price drop

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

Now 20% undervalued after recent price drop

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

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

Full year 2023 earnings released: EPS: US$5.38 (vs US$4.35 in FY 2022)

Upcoming dividend of US$0.65 per share at 1.9% yield

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

Full year 2023 earnings released: EPS: US$5.38 (vs US$4.35 in FY 2022)

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

Upcoming dividend of US$0.65 per share at 2.1% yield

PPG Announces Quarterly Dividend, Payable on December 12, 2023

Third quarter 2023 earnings released: EPS: US$1.80 (vs US$1.40 in 3Q 2022)

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

Upcoming dividend of US$0.65 per share at 1.8% yield

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

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

Second quarter 2023 earnings released: EPS: US$2.08 (vs US$1.87 in 2Q 2022)

PPG Announces Executive Changes

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

Upcoming dividend of US$0.62 per share at 1.8% yield

First quarter 2023 earnings released: EPS: US$1.12 (vs US$0.076 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.35 (vs US$5.98 in FY 2021)

Upcoming dividend of US$0.62 per share at 1.9% yield

Full year 2022 earnings released: EPS: US$4.35 (vs US$5.98 in FY 2021)

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

Now 20% undervalued

PPG Announces Management Changes

Now 22% undervalued

PPG Announces Executive changes

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

Upcoming dividend of US$0.62 per share

Third quarter 2022 earnings released: EPS: US$1.40 (vs US$1.45 in 3Q 2021)

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