MOSCOW (MRC) -- PPG Industries announced that David B. Navikas, senior vice president, strategic planning and corporate development, will retire effective March 1, said the company in its press release.
"PPG has benefited greatly from David’s deep knowledge of our company’s strategic priorities and financial framework," said Charles E. Bunch, PPG chairman and chief executive officer. "He has been a key leader in driving the growth and transformation of our coatings business portfolio through his functional leadership and as a member of our executive and operating committees."
Navikas joined PPG as controller in 1995 and was elected vice president in 2000. In June 2011 he was appointed senior vice president, finance, and chief financial officer, and he has held his current senior leadership role since August 2013. Navikas came to PPG after a 22-year career with accounting firm Deloitte & Touche LLP, where he was a partner and professional practice director of the Pittsburgh office.
As MRC wrote before, U.S. chemicals maker PPG Industries Inc had formally finalized its acquisition of Mexican paints maker Consorcio Comex for USD2.3 billion. The Pittsburgh-based PPG Industries said it had received a favorable ruling from Mexico's competition watchdog to complete the purchase, which came after the Mexican company's deal to sell to U.S. rival Sherwin-Williams Co fell through.
PPG Industries, Inc. (PPG) is a global supplier of protective and decorative coatings. Performance Coatings, Industrial Coatings and Architectural Coatings- EMEA segments supply protective and decorative finishes for customers in a range of end use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum
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