PITTSBURGH - PPG Industries (NYSE:PPG), a leading global provider of paints, coatings, and specialty materials, announced today the appointment of Pascal Tisseyre as its new vice president for government affairs in the Europe, Middle East, and Africa (EMEA) region. Tisseyre will report directly to Pedro Serret Salvat, the president and general counsel of PPG EMEA.
In this role, Tisseyre will oversee the company's government affairs activities within the region, including public policy, political engagement, and compliance. The move is part of PPG's strategic efforts to strengthen its engagement with government stakeholders and to advocate for the coatings industry, particularly in alignment with the EU Green Deal and sustainable growth initiatives.
Tisseyre has been with PPG since its acquisition of SigmaKalon in 2008 and has served in various leadership roles, most recently leading the architectural coatings business in Southern EMEA since 2019.
His background includes experience in finance and controllership, as well as a stint as a trader on the Paris stock exchange. Tisseyre's educational credentials include a master's degree in finance from the University of Dauphine in Paris.
PPG, with a history spanning over 140 years, reported net sales of $18.2 billion in 2023 and operates in more than 70 countries. The company serves a diverse range of markets, including construction, consumer products, industrial, and transportation.
The announcement of Tisseyre's appointment reflects PPG's commitment to its Enterprise Growth Strategy and its focus on sustainable practices within the industry. This news is based on a press release statement from PPG.
InvestingPro Insights
As PPG Industries (NYSE:PPG) fortifies its leadership team in the EMEA region, investors may find it valuable to consider the company's recent performance and market position through a financial lens. PPG's market capitalization stands at a robust $30.59 billion, reflecting its significant presence in the global coatings industry.
The company's commitment to sustainable practices and alignment with the EU Green Deal is mirrored in its financial stability and shareholder value, highlighted by a high shareholder yield and a commendable track record of raising its dividend for 53 consecutive years.
Despite concerns over near-term earnings, with six analysts having revised their earnings downwards for the upcoming period, PPG maintains a strong dividend history, having maintained dividend payments for 54 consecutive years.
This consistency underscores the company's financial discipline and commitment to shareholder returns. Furthermore, the company's P/E ratio, as of the last twelve months leading up to Q1 2024, stands at 19.64, indicating investor confidence in PPG's profitability and long-term strategy.
Investors considering PPG as part of their portfolio should note the company's low price volatility, which suggests a level of stability attractive to certain investment strategies. For additional insights and detailed analysis, PPG's profile on InvestingPro offers more InvestingPro Tips, including predictions on profitability and performance metrics.
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