PHILADELPHIA — Axalta Coating Systems Ltd. announced that its Board of Directors has appointed Terrence Hahn as Chief Executive Officer, effective Sept. 4, 2018, succeeding Charlie Shaver, who served as Axalta's Chairman and Chief Executive Officer since 2013. Hahn will also serve on Axalta's Board of Directors, expanding the Board's size from eight to nine Directors.
Hahn was most recently President and Chief Executive Officer of Honeywell International Inc.'s Home and Building Technologies group. Shaver, who has chosen to step down as Chief Executive Officer to pursue a unique professional opportunity, will remain on Axalta's board and serve as Non-Executive Chairman, working closely with Hahn to ensure a seamless leadership transition.