Stephen F. Angel to Retire from PPG Board of Directors
Stephen F. Angel, aged 68, has announced his decision to retire from the board of directors at PPG. This retirement will be effective after the conclusion of the board’s meeting on February 15, 2024. Angel has served on PPG’s board for over 13 years, holding important positions such as chairing the Human Capital Management and Compensation Committee and the Sustainability and Innovation Committee. He has also contributed as a member of the Nominating Committee.
In its third quarter of 2023, PPG Industries Inc achieved a return on average invested assets (ROI) of 8.66%, which is below the company’s average ROI of 10.95%. However, despite the decrease in net income, PPG has improved its ROI compared to the second quarter of 2023. Within the Basic Materials sector, there are 83 other companies that had a higher ROI. PPG’s total ranking for ROI has deteriorated from 38 to 898 compared to the second quarter of 2023.
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