PHILADELPHIA, Aug. 25, 2020 /PRNewswire/ -- Axalta Coating
Systems Ltd. (NYSE: AXTA), a leading global supplier of liquid
and powder coatings, today announced that Rakesh
Sachdev has been appointed to its Board of Directors,
effective August 24, 2020.
Mr. Sachdev will serve on the Company's Nominating and
Corporate Governance Committee and Compensation Committee.
"The Axalta Board of Directors always seeks to optimize the
balance of expertise, experience and diversity amongst our
directors. In welcoming Rakesh, we are adding to our Board an
outstanding leader with a deep knowledge of Axalta's end markets
and business transformation," said Mark Garrett, Axalta's
Board Chair. "His impressive global business leadership track
record and familiarity with automotive and commercial vehicle
markets also make him a great fit for the Axalta team."
"Rakesh's experience leading innovation-focused organizations
makes him an ideal addition to our Board as Axalta seeks to
continue to leverage our best-in-class technologies to grow our
businesses globally," added Robert Bryant, Axalta's Chief
Executive Officer. "I am excited to have Rakesh's voice at the
table as we continue to seek opportunities to create and deliver
shareholder value."
With the appointment of Mr. Sachdev, Axalta's Board is composed
of nine directors, all with unique backgrounds and experience in
areas important to Axalta's business, including executive
leadership, finance, audit, management consulting and global
operations, and in relevant industries, including specialty
chemicals and several of Axalta's end markets.
Mr. Sachdev (64) most recently served as CEO of Platform
Specialty Products Corporation, now renamed Element Solutions Inc.,
a leading global specialty chemicals company, from 2016 to 2019.
Prior to that, Mr. Sachdev led Sigma-Aldrich Corporation, a leading
S&P 500 global life sciences and technology company, as its
President and CEO from 2010 until 2015, when it was acquired by
Merck KGaA. Previously, he held executive positions at Meritor,
Inc., a global supplier of automotive systems and components,
including President of Asia,
Senior Vice President (SVP) of Strategy and Vice
President(VP)/General Manager (GM) of several of its global
businesses. He also spent 18 years at Cummins Inc., a global engine
and power systems manufacturer, in various leadership roles,
including Chief Financial Officer (CFO) of its automotive business
and Managing Director (MD) in Mexico.
Mr. Sachdev received his B.S. in Mechanical Engineering from the
Indian Institute of Technology,
Delhi, in 1977, his M.S. in
Mechanical Engineering from the University of
Illinois at Urbana-Champaign in 1981, and his M.B.A. from
Indiana University in 1986. Mr. Sachdev
is currently Chairman of the Board of Regal Beloit Corporation and
serves as a board member of Edgewell Personal Care and Avantor,
Inc. He is also a senior advisor at New Mountain Capital and serves
on its portfolio boards of Aceto Corp. and ILC Dover. He currently
serves as a member of the Board of Trustees of Washington University in St. Louis and has, in the past, served as a
board member and Chair of the Federal Reserve Bank of St. Louis.
About Axalta:
Axalta is a leading global company focused solely on coatings
and providing customers with innovative, colorful, beautiful and
sustainable solutions. From light vehicles, commercial vehicles and
refinish applications to electric motors, buildings, pipelines and
other industrial applications, 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 global team at Axalta continues 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.
Contact
Christopher Mecray
D +1 215 255 7970
Christopher.Mecray@axalta.com
axalta.com
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SOURCE Axalta Coating Systems Ltd.