PHILADELPHIA, June 24, 2019 /PRNewswire/ -- Axalta Coating
Systems Ltd. (NYSE: AXTA), a leading global supplier of
liquid and powder coatings, today announced that Charlie Shaver has resigned as Chairman of its
Board of Directors, effective June 30,
2019, to focus on other professional commitments. The Board
of Directors has appointed current Independent Presiding Director
Mark Garrett as its new Chairman.
Mr. Garrett also serves as Chairman of Axalta's Strategic Review
Committee.
"I am honored to have served as Axalta's Chairman over the past
six years and proud of all the Company has accomplished," said Mr.
Shaver. "Axalta's tremendous progress in recent years has enabled
the Company to review a range of strategic alternatives from a
position of strength, which I strongly believe is the best course
of action for Axalta and its shareholders, customers and employees.
With the review underway, now is the right time to make this
important transition at the Board level. I look forward to watching
the next great chapter in Axalta's journey under the exemplary
leadership of Mark and Robert
Bryant."
"On behalf of the Board, I would like to thank Charlie for the
many contributions he has made to Axalta over the past six years,
both in the boardroom and as CEO," said Mr. Garrett. "Charlie has
played an instrumental role in positioning Axalta for the future by
solidifying its market leadership and building a strong foundation
for growth. I am honored by the opportunity to build on Axalta's
rich history and oversee a comprehensive review of strategic
alternatives to maximize value for shareholders."
"I have enjoyed working with Charlie and wish him all the best
in the future," said Robert W.
Bryant, Axalta's Chief Executive Officer. "I look forward to
working closely with Mark and the rest of the Board through the
strategic review process and beyond to maximize value for Axalta
shareholders."
About Axalta
Axalta is a leading
global company focused solely on coatings and providing customers
with innovative, colorful, beautiful and sustainable solutions.
From refinish applications to light vehicles, commercial vehicles
and 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.
Axalta Coating
Systems
Two Commerce
Square
2001 Market
Street
Suite 3600
Philadelphia, PA
19103
|
Media
Contact
Robert C.
Ferris
(215)
255-7981
rob.ferris@axalta.com
www.axalta.com
|
Investor
Contact
Christopher
Mecray
(215)
255-7970
Christopher.Mecray@axalta.com
www.axalta.com
|
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SOURCE Axalta Coating Systems Ltd.