PHILADELPHIA, Dec. 11, 2018 /PRNewswire/ -- Axalta
Coating Systems Ltd. (NYSE: AXTA) today announced that its Board of
Directors has named Robert Bryant
Chief Executive Officer on a permanent basis, effective
immediately. He had been serving as interim CEO since October 2018. Mr. Bryant was also appointed to
serve on Axalta's Board of Directors.
Charlie Shaver, Axalta's Chairman
of the Board, said, "Over the past two months, Robert has
seamlessly stepped into the role of interim CEO and led the company
in a challenging market environment. Having worked closely with him
over the past six years, I am extremely confident in his ability to
lead Axalta effectively as our permanent CEO. The Board and I look
forward to seeing Axalta build on its success and continue to
thrive under Robert's leadership."
Mr. Bryant said, "I appreciate the Board's confidence in me and
am honored to continue working alongside a talented management team
and dedicated employees to build on Axalta's well-deserved
reputation for customer service and innovation."
The Company also announced today that Sean Lannon has been named Chief Financial
Officer on a permanent basis, effective immediately. He had been
serving as Vice President and Interim Chief Financial Officer since
October 2018.
Mr. Bryant concluded, "Sean's business and financial acumen,
years of experience working in increasingly senior finance roles at
Axalta, and extensive background in financial reporting make him a
great fit to succeed me as Axalta's CFO. I am very excited to
continue working with Sean to grow Axalta and build shareholder
value over the long term."
About Robert Bryant
Robert Bryant (50) has served as
Axalta's interim Chief Executive Officer since October 2018. Before that, Mr. Bryant served as
Executive Vice President and Chief Financial Officer of Axalta
since 2013. He was previously Chief Financial Officer and Senior
Vice President of Roll Global LLC. Before joining Roll Global in
2007, he was Executive Vice President of Strategy, New Business
Development, and Information Technology at Grupo Industrial
Saltillo, S.A.B. de C.V. Mr. Bryant graduated summa cum laude and
Phi Beta Kappa with a B.A. degree in Economics from the
University of Florida and received his
M.B.A. degree from the Harvard Business
School.
About Sean Lannon
Sean Lannon (40) most recently
served as Axalta's Vice President and interim Chief Financial
Officer since October 2018. Before
that, he served as Vice President, Corporate Finance and Global
Controller of Axalta since 2016, and was Vice President and Global
Controller from 2013 until that promotion. He was previously Vice
President, Global Controller of Trinseo. Before joining Trinseo in
2011, he was the Senior Manager, Financial Reporting at Endo
Pharmaceuticals. Mr. Lannon began his career at
PricewaterhouseCoopers where he spent more than nine years within
the organization's Audit Practice. Mr. Lannon graduated with a B.A.
in Accounting from Philadelphia
University. He is a Certified Public Accountant.
About Axalta
Axalta is a leading global company focused solely on coatings
and providing customers with innovative, colorful, beautiful and
sustainable solutions. From light OEM vehicles, commercial vehicles
and refinish applications to electric motors, buildings and
pipelines, our coatings are designed to prevent corrosion, increase
productivity and enable the materials we coat to last longer. With
more than 150 years of experience in the coatings industry, the
approximately 14,000 people of Axalta continue to find ways to
serve our more than 100,000 customers in 130 countries better every
day with the finest coatings, application systems and technology.
For more information, visit axalta.com and follow us @Axalta on
Twitter and on LinkedIn.
Cautionary Statement Concerning Forward-Looking
Statements
This release may contain certain forward-looking statements
regarding Axalta. All of these statements are based on management's
expectations as well as estimates and assumptions prepared by
management that, although they believe to be reasonable, are
inherently uncertain. These statements involve risks and
uncertainties, including, but not limited to, economic,
competitive, governmental and technological factors outside of
Axalta's control, as well as risks and uncertainties associated
with a transition in Axalta's leadership, that may cause its
business, industry, strategy, financing activities or actual
results to differ materially. More information on potential factors
that could affect Axalta's business performance and financial
results is available in the "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" section within Axalta's most recent annual report on
Form 10-K, and in other documents that we have filed with, or
furnished to, the U.S. Securities and Exchange Commission. Axalta
undertakes no obligation to update or revise any of the
forward-looking statements contained herein, whether as a result of
new information, future events or otherwise.
Contact
Robert C. Ferris
D +1 215 255 7981
M +1 973 765 7393
rob.ferris@axalta.com
www.axalta.com
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SOURCE Axalta Coating Systems Ltd.