MOSCOW (MRC) -- PPG announced that Pedro Serret Salvat, general counsel, PPG EMEA, will become president and general counsel, PPG EMEA, effective immediately. Serret Salvat will continue to report to PPG senior vice president and general counsel, Anne Foulkes, said the company.
Serret Salvat succeeds Ram Vadlamannati, who will transition to lead a newly created PPG operations organization while maintaining executive oversight accountability of the EMEA region, as previously announced.
“Since joining PPG, Pedro has demonstrated skilled leadership and a deep understanding of PPG’s businesses across the region,” said Foulkes. “Pedro will drive a One PPG approach across our operations in EMEA to maximize profitable growth through alignment and synergies across the region.”
Serret Salvat joined PPG in 2011 as the regional head of legal affairs and was appointed as general counsel, EMEA in 2016. Prior to joining PPG, he worked as head of transactions for a Swiss-listed global company in Zurich and as legal director for a French-listed global company in Paris. Prior to his in-house practice, he also worked in private practice in Brussels in the fields of mergers and acquisitions, and antitrust law. Serret Salvat holds a degree in commercial law from the Universitat Pompeu Fabra and an LLM in European law from the University of Liege.
At PPG , we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial, and transportation markets and aftermarkets.
We remind, PPG will invest USD11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico.
PPG is a leading supplier of powder coatings to the automotive, transportation, appliance, furniture and other markets. The company expanded the business with its 2020 acquisition of Alpha Coating Technologies, which manufactures powder coatings for light industrial applications and heat-sensitive substrates, and its 2021 acquisition of Worwag, which makes liquid, powder and film coatings for industrial and automotive applications. PPG recently agreed to acquire the powder coatings business of Arsonsisi, including a manufacturing plant in Verbania, Italy.