07.26.18
Axalta’s Board of Directors appointed Terrence Hahn as CEO effective Sept. 4, 2018. Hahn, who will also serve on the Board, will succeed Charlie Shaver, the company chairman and CEO since 2013.
The Board will now be comprised of nine members.
Prior to joining Axalta, Hahn was president and CEO of Honeywell International Inc.'s Home and Building Technologies group.
Shaver will remain on Axalta's Board and serve as non-executive chairman.
"We are confident that Terrence is a great choice to lead Axalta going forward,” Shaver said. “His accomplishments as an executive with over a decade of domestic and international experience across multiple business groups at Honeywell, along with his nearly two decades of previous experience in a variety of leadership roles at Air Products and Chemicals, make him a terrific fit for Axalta.”
“Axalta has leading positions, a terrific executive team, strong global presence, and top brands,” Hahn said. “I am excited about the tremendous opportunity at Axalta to drive organic growth through innovative and value-add offerings that will deepen existing customer relationships and attract new customers, as well as add inorganic growth through strategic acquisitions. I appreciate the Board's confidence in me and look forward to working with Charlie and the Axalta leadership team to help drive the next phase of Axalta's growth and build shareholder value."
Added Mark Garrett, presiding director of Axalta's Board:"On behalf of the Board, I would like to thank Charlie for his outstanding service to Axalta. As CEO, he led the Company's separation from its former parent and oversaw Axalta's initial public offering and listing on the New York Stock Exchange. Under his leadership, Axalta has made tremendous strides, driven by a resolute commitment to customer service and innovation.”
The Board will now be comprised of nine members.
Prior to joining Axalta, Hahn was president and CEO of Honeywell International Inc.'s Home and Building Technologies group.
Shaver will remain on Axalta's Board and serve as non-executive chairman.
"We are confident that Terrence is a great choice to lead Axalta going forward,” Shaver said. “His accomplishments as an executive with over a decade of domestic and international experience across multiple business groups at Honeywell, along with his nearly two decades of previous experience in a variety of leadership roles at Air Products and Chemicals, make him a terrific fit for Axalta.”
“Axalta has leading positions, a terrific executive team, strong global presence, and top brands,” Hahn said. “I am excited about the tremendous opportunity at Axalta to drive organic growth through innovative and value-add offerings that will deepen existing customer relationships and attract new customers, as well as add inorganic growth through strategic acquisitions. I appreciate the Board's confidence in me and look forward to working with Charlie and the Axalta leadership team to help drive the next phase of Axalta's growth and build shareholder value."
Added Mark Garrett, presiding director of Axalta's Board:"On behalf of the Board, I would like to thank Charlie for his outstanding service to Axalta. As CEO, he led the Company's separation from its former parent and oversaw Axalta's initial public offering and listing on the New York Stock Exchange. Under his leadership, Axalta has made tremendous strides, driven by a resolute commitment to customer service and innovation.”
