What PPG Industries (PPG)'s CFO Exit and New Board Voice Could Mean For Governance

• In early December 2025, PPG Industries announced the planned July 2026 retirement of long-serving CFO Vince Morales and, on December 11, disclosed that Cintas CEO Todd M. Schneider will join its board and key committees in January 2026, while also continuing investor outreach through an upcoming Bernstein Industrials Forum presentation.
• These leadership moves, combined with renewed interest from long-term investors highlighting PPG’s coatings focus and digital innovation, underscore how governance and capital allocation may evolve as the company pursues its enterprise growth strategy.
• We’ll now examine how the planned CFO transition and new board appointment may influence PPG’s existing investment narrative and risk profile.

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PPG Industries Investment Narrative Recap

To own PPG Industries, you have to believe its focus on higher value coatings, innovation and efficiency can offset cyclical pressure in autos and construction. The planned 2026 CFO retirement and Todd Schneider’s board appointment look orderly and, in the near term, do not materially change the key catalyst of execution on the enterprise growth strategy or the main risks around end market demand and pricing pressure in Industrial Coatings.

Among recent developments, PPG’s upcoming presentation at Bernstein’s Industrials Forum is especially relevant, as it gives management a platform to reinforce its innovation story, address concerns about slower automotive production and pricing pressure, and explain how it plans to sustain margin improvements while end markets remain mixed.

Yet investors should also be aware of how prolonged automotive production weakness could still...

Read the full narrative on PPG Industries (it's free!)

PPG Industries' narrative projects $16.9 billion revenue and $2.0 billion earnings by 2028. This requires 2.7% yearly revenue growth and a roughly $0.7 billion earnings increase from $1.3 billion today.

Uncover how PPG Industries' forecasts yield a $118.45 fair value, a 15% upside to its current price.

Exploring Other Perspectives

Three Simply Wall St Community fair value estimates for PPG range from US$118.45 to about US$163.95, highlighting sharply different views on upside. You should weigh these against the risk that weaker automotive production and pricing pressure in Industrial Coatings could constrain the benefits of PPG’s growth and efficiency initiatives over time.

Explore 3 other fair value estimates on PPG Industries - why the stock might be worth as much as 60% more than the current price!

Build Your Own PPG Industries Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your PPG Industries research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free PPG Industries research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate PPG Industries' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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