Pittsburgh, PA - Knavish will succeed Chairman and CEO Michael McGarry, in the role of CEO.

PPG has announced that Tim Knavish, chief operating officer, has been named president and chief executive officer (CEO), effective Jan. 1, 2023. Knavish will join the company's Board of Directors, effective October 20, 2022.

According to PPG, Knavish, who has served as PPG's chief operating officer since March, will succeed Chairman and CEO Michael McGarry, in the role of CEO. McGarry, who has served as CEO since September 2015, will become Executive Chairman, effective Jan. 1, 2023. McGarry also has announced to the PPG Board of Directors his intention to retire as Executive Chairman and as a director of the Company, effective October 1, 2023.

"I want to thank Michael and the PPG Board of Directors for their trust and confidence as we continue to drive PPG forward. Our global business portfolio remains well positioned for future growth and to successfully navigate through the current global economic challenges," said Knavish. "I look forward to continuing to work with the more than 50,000 PPG people across the world to support our customers, deliver excellent business performance and create additional shareholder value."

Source: PPG