"On behalf of the Board, I would like to thank Mark for his Board service and his leadership over the past two years," said Cook. "I am excited to assume the role of Chair as Axalta continues to deliver value to our stakeholders."

"I have greatly appreciated Mark's leadership and partnership and wish him much continued success," said Robert W. Bryant, Axalta's Chief Executive Officer. "I am delighted to have Bill as Axalta's new Chair. Bill's significant experience as a CEO and in other executive roles at an industrial manufacturing business, as well as his public company board experience, have provided tremendous value to the Board and will continue to serve Axalta well as we pursue our ambitious growth and innovation goals."

Cook joined Axalta's board in 2019. He previously served as Executive Chairman of Donaldson Co. Inc. until 2016, and prior to that served as Chairman, CEO and President of Donaldson for more than 10 years. During his 35-year career at Donaldson, Cook held various roles of increasing responsibility, including Senior Vice President, International; Chief Financial Officer; and Senior Vice President, Commercial and Industrial. Cook also brings to the board strong public company board experience. He serves on the boards of directors of IDEX Corp. and Neenah Inc., and previously served on the board of directors of Valspar Corp. On August 23, 2021, Cook was named Public Company Director of the Year by the National Association of Corporate Directors.

Learn more about Axalta at www.axalta.com.