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    Timothy M. Knavish

    Chairman and CEO at PPG Industries Inc
    Board
    Since October 1, 2023
    Age
    59 years
    Tenure
    Joined PPG in 1987 and has since advanced through numerous leadership roles including Vice President, Senior Vice President across several segments, Executive Vice President, Chief Operating Officer, President and CEO, and currently serves as Chairman and CEO.

    Also at PPG Industries Inc

    ARE
    Amy R. Ericson
    Senior Vice President, Protective and Marine Coatings
    CEH
    Chancey E. Hagerty
    Senior Vice President, Automotive Refinish Coatings
    KDB
    Kevin D. Braun
    Senior Vice President, Operations

    About

    Timothy M. Knavish is a seasoned executive who is 59 years old as of February 2025. He began his tenure at PPG in 1987, demonstrating a longstanding commitment and deep knowledge of the industry.

    Throughout his career at PPG, he has consistently taken on increasing responsibilities, holding roles such as Vice President for Automotive and Protective & Marine Coatings, Senior Vice President in varied segments, Executive Vice President, and Chief Operating Officer. His career path culminated in his appointment as President and CEO in January 2023, followed by his current role as Chairman and CEO starting on October 1, 2023.

    In his leadership roles, he has been pivotal in shaping strategic initiatives, driving acquisition strategies, and enhancing digital and sales capabilities across worldwide markets. His extensive experience in both operational and strategic leadership underscores a commitment to innovation and growth at PPG, and his contributions extend to serving as a director at Rockwell Automation, Inc..

    $PPG Performance Under Timothy M. Knavish

    Past Roles

    OrganizationRoleDate RangeDetails
    PPG Industries President and Chief Executive Officer January 1, 2023 - October 1, 2023 N/A
    PPG Industries Chief Operating Officer March 1, 2022 - December 31, 2022 N/A
    PPG Industries Executive Vice President October 2019 - February 2022 N/A
    PPG Industries Senior Vice President, Architectural Coatings and President, PPG Europe, Middle East and Africa January 2019 - September 2019 N/A
    PPG Industries Senior Vice President, Industrial Coatings October 2017 - December 2018 N/A
    PPG Industries Senior Vice President, Automotive Coatings March 2016 - September 2017 N/A
    PPG Industries Vice President, Protective and Marine Coatings August 2012 - February 2016 N/A
    PPG Industries Vice President, Automotive Coatings, Americas March 2010 - July 2012 N/A

    External Roles

    OrganizationRoleDate Range
    Rockwell Automation, Inc. Director N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,200,000 AnnualFixed annual base salary
    Executive Deferred Compensation Contributions$36,000 AnnualPart of deferred compensation plan
    Registrant Company Contributions to Deferred Compensation Plan$126,380 AnnualCompany matching contributions

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    MetricValue
    Payout as a Percentage of Target184%
    Grant DateJanuary 1, 2023 [N/A]
    Grant Date Fair Value$9,999,122 (if highest performance achieved)
    NotesNo further details on performance thresholds or detailed metrics

    Stock Awards

    Performance-Based Restricted Stock Units (PBRSUs)

    MetricValue
    Performance Period2023 - 2025
    Adjusted EPS Growth Payout Scale<5%: 0%, 5%: 50%, 6%: 60%, 7%: 70%, 8%: 80%, 9%: 90%, ≥10%: 100%
    Cash Flow Return on Capital Threshold11%
    Estimated Shares - Threshold3,529 shares
    Estimated Shares - Target21,173 shares
    Estimated Shares - Maximum42,346 shares

    Total Shareholder Return (TSR) Shares

    MetricValue
    Performance Period2023 - 2025
    Relative TSR Percentile PayoutBelow 30th: 0%, 30th: 50%, 50th (Target): 100%, 90th+: 200%
    Estimated Shares - Threshold9,942 shares
    Estimated Shares - Target19,883 shares
    Estimated Shares - Maximum39,766 shares
    Vesting ScheduleVest on December 31, 2025; Settlement in February 2026

    Option Awards

    MetricValue
    Grant DateJanuary 1, 2023
    Number of Options Granted67,115
    Exercise Price$125.75 per share
    Grant Date Fair Value$2,500,188
    Vesting ScheduleExercisable on January 1, 2026
    Performance TieNot tied to specific performance metrics; designed to promote long-term stock appreciation