PPG Industries Inc. (PPG), a supplier of protective and decorative coatings, Tuesday announced the appointment of Robert Dellinger as Senior Vice President, Finance and Chief Financial Officer designate, effective September 8, 2009.
Dellinger will assume responsibilities of chief financial officer only on October 15, 2009 from William Hernandez, who is holding the office currently. Retirement of William Hernandez was announced earlier in May, with transition of responsibilities expected to be complete by the end of 2009.
Dellinger, most recently, was the Executive Vice President and CFO of Delphi Corp. Dellinger started his career with General Electric Co.(GE), where he served for a period of 19 years in various positions, including Chief Financial Officer of GE Superabrasives, GE Plastics Pacific, GE Motors and Industrial Systems, and GE Employers Reinsurance Corp. Dellinger left GE in 2002 to become the executive vice president and CFO for Sprint Corp.
Charles Bunch, Chief Executive Officer of the company with more than 140 manufacturing facilities and 2008 sales of $15.8 billion, said, "Bob comes to us well-qualified to lead PPG's financial operations and will add great depth of international experience and expertise to our senior management team."
PPG is currently trading at $54.14, down $1.26 or 2.27%, on a volume of 0.65 million shares. In the last 52-week period, the stock traded in the range of $28.16 to $69.89, with a three-month average volume of 1.69 million shares.
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