Commentary: PPG Industries CEO Charles Bunch to receive ICIS Kavaler Award

12 July 2013 17:36  [Source: ICB]

PPG Industries chairman and CEO Charles Bunch will receive the award - for outstanding achievement and excellence in the chemical sector - in New York City on 30 October 2013

The inaugural ICIS Kavaler Award, sponsored by The Chemists' Club and recognising outstanding achievement and excellence, will be awarded to PPG Industries chairman and CEO Charles Bunch.

This unique global chemical industry award will be presented to Mr. Bunch at a black tie dinner ceremony on Thursday, 30 October 2013, at the Lotos Club in New York City.

 

 PPG Industries CEO Charles Bunch is the first winner

Copyright: PPG Industries

The distinguishing feature of this award is that the winner is selected by his/her peers - the senior executives selected in the ICIS Top 40 Power Players listing, a global ranking of the people making the greatest impact on the chemical industry.

We congratulate Bunch for his outstanding and newsworthy achievements, including a landmark deal to separate PPG's commodity chemicals business and merge it with Georgia Gulf to create Axiall, boosting shareholder value significantly.

Acquisitions to PPG's core coatings business have also added value, and this has continued into 2013 with the acquisition of AkzoNobel's North American architectural coatings business.

"During the past several years PPG has made significant progress focusing our business portfolio and activities in pursuit of our vision to continue to be the world's leading coatings and specialty products company," said Bunch. "I am pleased to accept this recognition on behalf of all PPG employees who have worked so hard to achieve these noteworthy accomplishments in our industry."

In the award selection process, ICIS and the Chemists' Club invited each of the ICIS Top 40 Power Players for 2012 to vote for three individuals in the ballot, based on newsworthy achievement in one or more of the following categories:

  • profitability/shareholder value (EBITDA growth, stock price, dividend);
  • mergers and acquisitions (deals or integration);
  • projects/capital investment; and
  • innovation - technology, product, business process with an impact on industry and society.

For more information on the ICIS Kavaler Award, contact Noel Namuco at The Chemists' Club (noel@chemistsclub.org, +1 347 501 0007) or Bryan Iams at PPG (bryan.iams@ppg.com, +1 412 434 2181)


By: Joseph Chang
+1 713 525 2653



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