PPG Shareholders Elect Directors and Approve Executive Pay at 2025 Annual Meeting

PITTSBURGH – PPG Industries, Inc. announced the results of its 2025 Annual Meeting of Shareholders, where investors voted on four key proposals, including the re-election of the full board of directors and an advisory vote on executive compensation.

Shareholders overwhelmingly elected all ten nominated directors to serve until the next annual meeting in 2026. Among those re-elected were Chair Kathy L. Fortmann, CEO Timothy M. Knavish, and board members Melanie L. Healey and Michael W. Lamach. The most closely contested election was for Guillermo Novo, who received 162.1 million votes in favor and 20.3 million against.

In a non-binding advisory vote, shareholders approved the compensation of PPG’s named executive officers, with nearly 170 million votes in favor and 12.3 million against. Just over 579,000 shareholders abstained from the vote, while 13.4 million shares were marked as broker non-votes.

The meeting also included the ratification of PricewaterhouseCoopers LLP as the company’s independent auditor for fiscal year 2025. The motion passed decisively, with over 193 million votes in favor and fewer than 3 million opposed.

A shareholder proposal requesting that certain executive severance arrangements be subject to shareholder approval was not approved, receiving only 10.4 million votes in favor, while more than 171 million voted against it.

As of the record date for the meeting, 226.9 million shares of common stock were issued and outstanding.

PPG Industries is a global supplier of paints, coatings, and specialty materials, headquartered in Pittsburgh, Pennsylvania.