MOSCOW (MRC) -- PPG Industries says it has named Diane Kappas, current vice president/automotive OEM coatings, Americas, to the post of vice president/global sustainability, as per the company's press release.
Andrew Carroll, currently vice president/industrial coatings, has been named vice president/automotive OEM coatings, Americas and mobility. Both appointments will be effective 1 July.
Carroll will report to PPG executive vice president Rebecca Liebert, and Kappas will report to Amy Ericsson, senior vice president/packaging coatings.
“In this newly created global role focused on sustainability, Diane’s diverse experience at PPG and her ability to work collaboratively with customers to solve their problems will further drive this core business imperative,” says Michael McGarry, PPG chairman and CEO. “Andrew’s new leadership role is important in continuing to partner with our automotive OEM customers and meet their evolving needs.”
As MRC reported earlier, PPG Industries received approval from the Federal Antimonopoly Service (FAS) of Russia on May 21, 2021, and it has now received all necessary regulatory approvals to complete the tender offer to acquire Tikkurila. The company has announced that the tender offer will expire on June 4, 2021. PPG expects to complete the tender offer and close the transaction on or about June 10, 2021.
We remind that Russia's output of chemical products rose in February 2021 by 5.3% year on year. Thus, production of basic chemicals increased year on year by 7.5% in the first two months of 2021, according to Rosstat's data. Last month's production of polymers in primary form in Russia was 861,000 tonnes versus 196,000 tonnes in January. Overall output of polymers in primary form totalled 1,770,000 tonnes over the stated period, up by 8.4% year on year.
MRC