Carl D. Anderson II

Senior Vice President and Chief Financial Officer at Axalta Coating Systems Ltd

Since August 14, 2023

Age

55 years

Education

Earned an MBA in business administration from Wayne State University and a bachelor's degree in Economics from Michigan State University.

Tenure

Joined Axalta on August 14, 2023 and currently serves as Senior Vice President and Chief Financial Officer.

Also at Axalta Coating Systems Ltd

Chris Villavarayan

Chief Executive Officer and President

View →

Alex Tablin-Wolf

Senior Vice President, General Counsel & Corporate Secretary

Amy Tufano

Senior Vice President and Chief Human Resources Officer

About

Carl D. Anderson II is the Senior Vice President and Chief Financial Officer at Axalta, having joined the organization on August 14, 2023.

Previously, he held financial leadership roles at XPO, Inc., where he served as CFO from November 2022 to August 2023, and at Meritor, Inc., where he was Senior Vice President and CFO from March 2019 to October 2022, among other roles during a 16-year tenure.

He earned an MBA from Wayne State University and a bachelor's degree in Economics from Michigan State University, which laid the foundation for his extensive career in financial management and strategy.

While his professional background is marked by significant contributions in financial leadership and strategic planning, personal details outside his career are not documented.

Past Roles

Organization	Role	Date Range	Details
XPO, Inc.	Chief Financial Officer	November 2022 - August 2023	N/A
Meritor, Inc.	Senior Vice President & Chief Financial Officer	March 2019 - October 2022	Held various roles including Group VP, Finance; Treasurer; Assistant Treasurer; and Director, International Capital Markets, Risk Management and Corporate Insurance during his 16-year tenure
General Motors Acceptance Corporation	Treasury and Financial Planning Roles	N/A	N/A
First Chicago Corporation	Various Roles (career inception)	N/A	Began his career at this organization

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
2023 Base Salary Paid	$255,769	Annual (2023 payout)	Base salary paid for 2023.
Initial Annual Base Salary	$665,000	Annual	Guaranteed starting pay.
Sign-On Cash Bonus	$500,000	One-time upon joining	Repayment required if terminated or for Cause before 2nd anniversary.
Relocation Assistance	$75,000	One-time upon relocation	Repayment required if terminated or for Cause before 1st anniversary.
Employer Contribution to 401(k)	$6,906	Periodic	Fixed contribution amount.
Individual Liability Insurance	$2,226	Annual	Provided as a benefit.
Individual Disability Insurance	$810	Annual	Provided as a benefit.
Salary Severance	$665,000	Upon termination without Cause/resignation for Good Reason	Payment upon termination without Cause or resignation for Good Reason.
Bonus Severance	$598,500	Upon termination without Cause/resignation for Good Reason	Bonus severance component.
Other Severance	$20,201	Upon termination without Cause/resignation for Good Reason	Other severance component.

Performance Compensation

Data from FY 2023

Annual Bonus Plan

Component	Metric	Value	Weight/Condition	Additional Details
Annual Bonus Target	Target Bonus Amount	$598,500	N/A	Set for the 2023 performance period.
Financial Performance	Weighted Financial Performance	136%	80% weight	Based on financial criteria.
Individual Performance	Weighted Individual Performance	19%	20% weight	Based on individual performance.
Payout Conversion	Weighted Bonus Payout Percentage	155%	N/A	Determines conversion to actual payout.
Bonus Actual Award	Actual Award	$928,872	N/A	Actual cash bonus paid based on performance.

Performance Share Units (PSUs)

Component	Performance Metric	Threshold / Target / Max	Vesting Schedule	Additional Details
PSUs	Adjusted EBITDA	Threshold: 50% of target, Target: 100%, Max: 200%	Three-year performance period; vesting determined in 2026	Vesting subject to continued employment; awards can range from 0% to 200% of the target award based on performance conditions.
PSUs	Relative Total Shareholder Return (TSR)	Threshold: 25th percentile (50% of target), Target: 50th percentile (100%), Max: 75th percentile (200%)	Three-year performance period; vesting determined in 2026	Conditions include comparative market performance versus industry peer group.

Grant Date for PSUs: August 14, 2023.
Grant Date Fair Value: The combined grant date fair value for stock awards (PSUs and RSUs) is $5,249,957.

These details outline the performance compensation components for 2023, including the cash-based Annual Bonus Plan and the performance-based PSUs with their respective metrics, targets, thresholds, weights, vesting conditions, and evaluation period.