Robert McLaughlin to Retire from Axalta Board of Directors
21 Marzo 2024 - 9:15PM
Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings
company, today announced that Robert M. McLaughlin has decided that
he will retire from Axalta’s Board of Directors and will not stand
for re-election at Axalta’s 2024 Annual General Meeting of Members
(the "AGM"). Mr. McLaughlin has been a member of Axalta’s Board
since 2014 and currently serves as the Chair of the Audit Committee
and a member of the Compensation Committee. Mr. McLaughlin will
continue to serve as a member of the Board until the AGM.
“It has been a privilege to serve as a member of Axalta’s Board
for the past ten years,” said Mr. McLaughlin. “I am proud of the
evolution and growth of the company over the past decade. I believe
Axalta has a bright future and I look forward to watching Chris and
the team lead the company to even greater success,” Mr. McLaughlin
added.
“On behalf of the Board, I would like to thank Bob for his
decade of Board service and leadership of the Audit Committee,”
said Rakesh Sachdev, Axalta’s Board Chair. “Bob has been a leader
on the Board as we've overseen the advancement of the company’s
business and strategy. His dedication and many contributions to the
Board and the company are greatly appreciated.”
Chris Villavarayan, Axalta’s Chief Executive Officer and
President added, “Bob was instrumental in helping me integrate into
Axalta and has been an incredible thought partner. It has been
tremendous to work with him over the past year as we’ve positioned
the company for success. I wish Bob the best.”
In connection with the decision of Mr. McLaughlin not to stand
for re-election at the AGM, the Board has appointed Jan Bertsch, a
current Board member and member of the Audit Committee, to serve as
Chair of the Audit Committee, effective in June 2024.
Axalta is a global leader in the coatings industry, providing
customers with innovative, colorful, beautiful, and sustainable
coatings solutions. From light vehicles, commercial vehicles and
refinish applications to electric motors, building facades and
other industrial applications, our coatings are designed to prevent
corrosion, increase productivity, and enhance durability. With more
than 150 years of experience in the coatings industry, the global
team at Axalta continues to find ways to serve our more than
100,000 customers in over 140 countries better every day with the
finest coatings, application systems and technology. For more
information visit axalta.com and follow
us @axalta on X.
Investor Contact |
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Robert Donohoe |
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Christopher.Evans@axalta.com |
Robert.Donohoe@axalta.com |
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