Axalta Coating Systems appoints Tim Bowes as President of Global Industrial Coatings, succeeding Shelley Bausch effective January 27, 2025.
Quiver AI Summary
Axalta Coating Systems has announced the appointment of Tim Bowes as President of Global Industrial Coatings, effective January 27, 2025, succeeding Shelley Bausch, who is stepping down. Tim Bowes, previously Axalta’s Senior Vice President and Chief Transformation Officer, brings extensive experience from roles at Meritor, American Axle & Manufacturing, and Transtar Industries, among others. Axalta CEO Chris Villavarayan praised Bowes for his crucial contributions to the company's transformation and strategy advancement over the past two years. The announcement also included gratitude toward Shelley Bausch for her services to the company as she embarks on new endeavors.
Potential Positives
- Tim Bowes brings extensive industry experience and a successful track record in industrial businesses, which may strengthen Axalta's leadership in the Global Industrial Coatings sector.
- The transition in leadership is positioned as positive, with recognition of Tim Bowes' contributions to Axalta's transformation and strategic advancements in recent years.
- Axalta expresses gratitude for Shelley Bausch's contributions, indicating a smooth transition and appreciation of past leadership, which can enhance company culture and stability.
Potential Negatives
- Tim Bowes' appointment comes as Shelley Bausch steps down, which may indicate potential instability in leadership within the company.
- The press release emphasizes a transition in leadership for the President of Global Industrial Coatings, potentially highlighting challenges in that particular segment of the business.
- Forward-looking statements indicate inherent uncertainties in the company’s future direction and performance, which could lead to investor concerns.
FAQ
Who has been appointed as President of Global Industrial Coatings at Axalta?
Tim Bowes has been appointed as President of Global Industrial Coatings, effective January 27, 2025.
What experience does Tim Bowes bring to Axalta?
Tim Bowes has extensive experience in managing industrial businesses, previously serving in senior roles at Axalta and Meritor.
What role did Shelley Bausch play at Axalta?
Shelley Bausch served as President of Global Industrial Coatings before stepping down from her role.
What is Axalta Coating Systems known for?
Axalta is a global leader in coatings, offering innovative and sustainable solutions across various industrial applications.
How can I learn more about Axalta's offerings?
More information about Axalta and its products can be found at www.axalta.com or through their social media channels.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
PHILADELPHIA, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta” or the “Company”), a leading global coatings company, today announced that Tim Bowes has been appointed President, Global Industrial Coatings, effective January 27, 2025. Mr. Bowes will succeed Shelley Bausch who will be stepping down from her role.
Most recently, Mr. Bowes served as Axalta’s Senior Vice President and Chief Transformation Officer. Prior to joining Axalta, he served as Senior Vice President and President of Electrification, Industrial, Aftermarket, Purchasing & Supply Chain for Meritor. Mr. Bowes has also served as Senior Vice President and President of the Casting business unit for American Axle & Manufacturing and CEO and President of Transtar Industries, an Industrial and Automotive Aftermarket company. He also held executive leadership roles at ITT Automotive and Intermet. Mr. Bowes has lived and worked in Asia and Europe and holds a Master of Business Administration from Wayne State University in Detroit, Michigan and a bachelor's degree from Lawrence Technological University in Southfield, Michigan.
“Tim brings a wealth of experience to this role with his extensive background in managing industrial businesses across a number of industries and regions. He has played an important role in Axalta’s transformation over the past two years, driving significant advancements in strategy and operational excellence,” said Chris Villavarayan, Chief Executive Officer and President of Axalta. “As we look forward to Axalta’s exciting future, I am pleased that Tim has accepted the opportunity to lead our global Industrial Coatings business at such an important time.”
Mr. Villavarayan added, “On behalf of our Board of Directors and our executive committee, I want to thank Shelley for her many contributions to Axalta. We wish her all the best in the future as she explores her many personal and professional interests.”
About Axalta Coating Systems
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful, and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us on Facebook , LinkedIn , Instagram and @axalta on X.
Cautionary Statement Concerning Forward-Looking Statements
This release may contain certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 regarding Axalta and its subsidiaries including, but not limited to, statements regarding the President, Global Industrial Coatings transition. Axalta has identified some of these forward-looking statements with words such as “look forward,” and “future” and the negative of these words or other comparable or similar terminology. All of these statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of Axalta’s control, as well as risks associated with the President, Global Industrial Coatings transition, that may cause its business, industry, strategy, financing activities or actual results to differ materially. More information on potential factors that could affect Axalta’s financial results is available in “Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within Axalta’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and in other documents that we have filed with, or furnished to, the SEC. Axalta undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.
Axalta Coating Systems
1050 Constitution Avenue Philadelphia, PA 19112 www.axalta.com |
Investor Contact
Colleen Lubic +1 610-999-9407 [email protected] |
Global Media Contact
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