PPG Industries

On December 9, 2021, Timothy M. Knavish was appointed Chief Operating Officer of PPG Industries, Inc. (the “Company”) effective March 1, 2022. Mr. Knavish will have executive oversight responsibility for all of the Company’s strategic business units and operating regions and for the information technology, environment, health and safety, and procurement functions. On December 15, 2021, the Company issued a press release announcing Mr. Knavish’s appointment. A copy of this press release is attached hereto as Exhibit 99 and incorporated herein by reference. In connection with Mr. Knavish’s appointment and change in corporate responsibilities, effective March 1, 2022, Mr. Knavish’s monthly salary will be increased to $75,000, and he will be eligible for a prorated target cash bonus under the Company’s Incentive Compensation Plan of $990,000. On February 16, 2022, Mr.

Effective August 1, 2021, Brian R. Williams was appointed Acting Controller and Acting Chief Accounting Officer of PPG Industries, Inc. (the “Company”). On December 9, 2021, Mr. Williams was appointed Vice President and Controller and Chief Accounting Officer of the Company, effective that day. Mr. Williams joined the Company in 2005 as Manager, Financial Reporting. He served as Director, Financial Reporting, Coatings, from 2009 to 2011, and from 2011 to 2012 he served as Director, Finance Transformation. He was appointed Director, Financial Analysis, Silicas, in 2012 and Director of Finance, Specialty Chemicals and Materials, in 2014. In 2016, Mr. Williams was named Director, Corporate Planning and Development and was promoted to Global Director of Finance, Automotive Refinish in 2018. Prior to joining the Company, Mr.

On July 6, 2021, William E. Schaupp, Vice President and Controller and Chief Accounting Officer of PPG Industries, Inc. (the “Company”) submitted his resignation, effective July 31, 2021. Mr. Schaupp has accepted a senior level finance position at a Fortune 75 company which will be announced at a later date. Mr. Schaupp joined the Company as Manager, Financial Reporting in 2008, and progressed through a variety of financial and corporate development positions before his appointment to his current role in 2018. Effective August 1, 2021, Brian R. Williams will serve as Acting Controller and Acting Chief Accounting Officer of the Company until a permanent replacement is appointed. Mr. Williams joined the Company in 2005 as Manager, Financial Reporting.

On February 18, 2021, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Michael T. Nally and Guillermo Novo as directors of the Company to serve in the class whose term expires at the 2021 Annual Meeting of Shareholders. The Board of Directors appointed Mr. Nally to the Audit Committee and the Technology and Environment Committee of the Board of Directors and Mr. Novo to the Audit Committee and the Officers-Directors Compensation Committee of the Board of Directors. As independent directors of the Company, Messrs.

As previously reported, the named executive officers and certain other officers of PPG Industries, Inc. (the “Company”) elected to reduce their 2020 base salaries as one of many proactive measures taken by the Company in response to the impacts of the COVID-19 pandemic. The Officers-Directors Compensation Committee of the Board of Directors (the “Committee”) approved these salary reductions on April 2, 2020. On July 15, 2020, the Committee reinstated the salaries of the Company’s named executive officers and certain other officers to their pre-reduction levels, effective August 1, 2020.

On April 16, 2020, PPG Industries, Inc. (the “Company”) held its 2020 Annual Meeting of Shareholders. At the 2020 Annual Meeting of Shareholders, the Company’s shareholders approved the appointment of Kathleen A. Ligocki as a director of the Company to serve in the class whose term expires at the Annual Meeting of Shareholders in 2022. The Board of Directors appointed Ms. Ligocki to the Audit Committee and the Technology and Environment Committee of the Board of Directors. As an independent director of the Company, Ms.

In addition to other proactive measures being taken in response to the impacts of COVID-19, the named executive officers and certain other officers of PPG Industries, Inc. (the “Company”) have elected to reduce their 2020 base salaries, and the Officers-Directors Compensation Committee of the Board of Directors approved these salary reductions on April 2, 2020. The base salaries of the named executive officers of the Company will be reduced by the following percentages: Michael H. McGarry, Chairman and Chief Executive Officer: 30% Timothy M. Knavish, Executive Vice President: 25% Rebecca B. Liebert, Executive Vice President: 25% Vincent J.

On November 19, 2019, Michele J. Hooper informed PPG Industries, Inc. (the “Company”) that she will not stand for reelection to the Board of Directors at the Company’s 2020 Annual Meeting of Shareholders, which is expected to be held on April 16, 2020. Ms. Hooper will continue to serve as a director of the Company and as a member of the Nominating and Governance Committee and the Technology and Environment Committee of the Board of Directors until the 2020 Annual Meeting. Ms. Hooper’s decision was not due to any disagreement with the Company.

On April 18, 2019, PPG Industries, Inc. (the “Company”) held its 2019 Annual Meeting of Shareholders. At the 2019 Annual Meeting of Shareholders, the Company’s shareholders approved the appointment of Catherine R. Smith and Steven A. Davis as directors of the Company to serve in the class whose term expires at the Annual Meeting of Shareholders in 2021. The Board of Directors appointed Ms. Smith to the Audit Committee and the Technology and Environment Committee of the Board of Directors, and the Board of Directors appointed Mr. Davis to the Nominating and Governance Committee and the Technology and Environment Committee of the Board of Directors. As independent directors of the Company, Ms. Smith and Mr.

As previously reported, Jean-Marie Greindl resigned as Senior Vice President, Architectural Coatings and President, PPG EMEA of PPG Industries, Inc. (the “Company”), effective January 9, 2019, and his last day of employment with the Company will be April 30, 2019. In connection with his departure, on March 28, 2019 the Company and Mr. Greindl entered into a Post-Termination Agreement (the “Agreement”). Under the Agreement, Mr. Greindl will receive a lump-sum payment of 127,008 Swiss francs representing his bonus for 2018 and a lump-sum payment of 108,000 Swiss francs representing a pro-rated bonus for the period January 1, 2019 through April 30, 2019. In addition, Mr. Greindl will receive a lump-sum separation payment of 1,604,666 euros in accordance with the terms of his Employment Agreement. Mr.

Jean-Marie Greindl, Senior Vice President, Architectural Coatings and President, PPG EMEA, of PPG Industries, Inc. (the “Company”), resigned as Senior Vice President, Architectural Coatings and President, PPG EMEA of the Company, effective January 9, 2019, and his last day of employment with the Company will be April 30, 2019.

On July 19, 2018, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Anne M. Foulkes as Senior Vice President, General Counsel and Secretary effective August 1, 2018. The Board of Directors also elected Glenn E. Bost II, the Company’s current Senior Vice President and General Counsel, as Senior Vice President, Law, Compliance and Special Projects effective August 1, 2018 to support the transition and oversee certain projects for the Company through January 1, 2019. Also on July 19, 2018, the Board of Directors elected William E. Schaupp as Vice President and Controller. Mr. Schaupp had served as the Company’s Assistant Controller and Acting Controller since April 25, 2018. Mr. Schaupp joined the Company as Manager, Financial Reporting in November 2008 and was appointed Director, Financial Reporting in August 2011 serving until September 2013.

Termination of Employment of Principal Accounting Officer On May 10, 2018, the Company terminated the employment of Mark Kelly as Vice President and Controller of the Company, effective immediately. Mr. Kelly was previously placed on administrative leave as of April 25, 2018. On April 25, 2018, William Schaupp was appointed to serve as Assistant Controller and Acting Controller of the Company. Mr. Schaupp will serve as Acting Controller until a replacement for Mr. Kelly is appointed. Mr. Schaupp joined the Company as Manager, Financial Reporting in November 2008 and was appointed Director, Financial Reporting in August 2011 serving until September 2013.

As previously announced, Viktoras R. Sekmakas resigned as Executive Vice President of PPG Industries, Inc. (the “Company”), effective September 30, 2017, and elected to retire from the Company. In connection with his departure, the Company and Mr. Sekmakas have entered into a Separation Agreement. Under the Separation Agreement, Mr. Sekmakas’s employment with the Company will end on February 28, 2018, and he will retire from the Company on March 1, 2018. Pursuant to the Separation Agreement, Mr. Sekmakas will receive a lump-sum separation payment of $641,128 and a lump-sum payment of $448,875 in lieu of his annual bonus for 2017. Mr. Sekmakas’s previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms.

Viktoras R. Sekmakas, Executive Vice President of PPG Industries, Inc. (the “Company”), has elected to retire from the Company. Mr. Sekmakas will be resigning as Executive Vice President, effective September 30, 2017. On September 21, 2017, the Company issued a press release reporting Mr. Sekmakas’s retirement. A copy of the Company’s press release is attached hereto as Exhibit 99.

On July 20, 2017, the Board of Directors of PPG Industries, Inc. (“PPG”) elected Gary R. Heminger as a director of PPG to serve in the class whose term expires at the Annual Meeting of Shareholders in 2019. The Board of Directors also appointed Mr. Heminger to the Audit Committee and the Nominating and Governance Committee. Mr. Heminger is Chairman and Chief Executive Officer of Marathon Petroleum Corporation and Chairman and Chief Executive Officer of MPLX GP, LLC. As an independent director of PPG, Mr. Heminger will be entitled to receive compensation consistent with that of PPG’s other independent directors who are not employees of PPG, as described in PPG’s definitive proxy statement filed with the Securities and Exchange Commission on March 9, 2017 under the caption “Compensation of Directors,” which portion of such proxy statement is incorporated herein by reference. Mr.

On January 19, 2017, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Vincent J. Morales as Senior Vice President, Finance and Chief Financial Officer, effective March 1, 2017. Biographical information for Mr. Morales is included in the press release attached hereto. In connection with Mr. Morales’s appointment, effective March 1, 2017, Mr. Morales’s monthly salary will be increased to $41,667 and he will be eligible for a target cash bonus under the Incentive Compensation Plan of $450,000. In February 2017, Mr. Morales will receive a grant of stock options, restricted stock units and total shareholder return contingent shares with an aggregate value of $800,000 at the time of grant. Also on January 19, 2017, Frank S.

Executive Transition On July 21, 2016, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Michael H. McGarry as Chairman and Chief Executive Officer, effective September 1, 2016. Mr. McGarry became President and Chief Executive Officer on September 1, 2015. He previously served as President and Chief Operating Officer of the Company from March 1, 2015 to September 1, 2015, as Chief Operating Officer from August 2014 through February 2015, as Executive Vice President from September 2012 through July 2014 and as Senior Vice President, Commodity Chemicals from July 2008 through August 2012. Mr. McGarry is also a director of Axiall Corporation. Also on July 21, 2016, Charles E. Bunch announced to the Board of Directors his intention to retire as Executive Chairman and as a director of the Company, effective September 1, 2016. Mr.

Retirement of Thomas J. Usher The Corporate Governance Guidelines of PPG Industries, Inc. (the “Company”) require that any director who has attained the age of 72 retire at the next annual meeting of shareholders following the director’s 72nd birthday. In 2015, the Board of Directors, upon the recommendation of the Nominating and Governance Committee, waived this retirement policy for Mr. Usher until the 2016 Annual Meeting of Shareholders due to Mr. Usher’s extensive knowledge and experience, his deep understanding of the Company’s business and his leadership as Chairman of the Officers-Directors Compensation Committee. In accordance with the Corporate Governance Guidelines and the terms of the one-year waiver granted by the Board of Directors, Mr. Usher resigned from the Company’s Board of Directors effective at the Company’s 2016 Annual Meeting of Shareholders held on April 21, 2016.