Axalta Coating Systems (AXTA) Appoints Kevin Stein to its Board

Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings company, today announced that Dr. Kevin Stein, President and Chief Executive Officer of TransDigm Group Incorporated, has been appointed to Axalta’s Board of Directors as an independent director, effective September 1, 2023. Stein will serve on Axalta’s Environment, Health, Safety, and Sustainability and Nominating and Corporate Governance Committees.

“We are extremely pleased to welcome Kevin to our Board of Directors as he is a dynamic executive with more than 30 years of progressive leadership experience,” said Rakesh Sachdev, Axalta’s Board Chair. “He is a seasoned public company CEO who has driven significant shareholder value creation. His global perspective and deep manufacturing experience with top-tier companies will better enable us to execute on our strategic growth plan.”

Chris Villavarayan, Axalta’s Chief Executive Officer and President, added, “Kevin is joining Axalta at an exciting time for us and our shareholders, as we look to further capitalize on our momentum to position Axalta for continued market leadership, profitable growth and value creation. He has an impressive track record driving value across enterprises, and this background will be a great complement to our Board as we continue our growth trajectory. I am thrilled that Kevin is joining our Board and look forward to his partnership."

With the appointment of Stein, Axalta’s Board will be composed of 10 directors, six of whom have been appointed to the Board since the beginning of 2020. Axalta’s directors bring unique backgrounds and experience in areas important to the company’s business, including executive leadership, finance, audit, information technology and global operations, and in relevant industries, including specialty chemicals and Axalta’s end markets.

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