PPG Outlines CFO Succession Plan
Image courtesy of PPG.
- PPG announces retirement of CFO Vince Morales
- Leadership transition in PPG finance organization
- Planned CFO succession and global search process
- Morales to retire after four decades at PPG
- PPG highlights executive career and board roles
PPG announced that Vincent (Vince) J. Morales, senior vice president and chief financial officer, intends to retire July 1 2026. Morales has served as CFO since 2017 and is a more than 40-year veteran of the company. He is a member and secretary of PPG’s operating committee and a member of the executive committee, with executive leadership responsibilities for corporate development and information technology. As part of a previously planned succession process, a global internal and external search is underway to identify a successor.
“On behalf of the PPG leadership team and PPG Board of Directors, I want to congratulate Vince on an outstanding four-decade career and thank him for his many valuable contributions to PPG,” said Tim Knavish, PPG chairman and CEO. “Vince is a highly respected leader, and he’s played a key role in the company’s transformation into the world’s leading paints, coatings and specialty products company. His leadership extends beyond the finance area as a valued member of the company’s operating and executive committees. He has also served as a mentor to many PPG employees as well as an executive sponsor and advocate of our employee resource groups. We thank Vince for agreeing to remain a key part of the executive leadership team through July 2026 to ensure a seamless and coordinated transition. As a great friend, trusted confidant and valuable business partner, I wish him all the best in a well-deserved retirement.”
“Over the past 40 years, I have been privileged to work alongside truly outstanding PPG employees, leaders and Board members,” said Morales. “I am exceptionally proud to have participated in helping to build the global, industry-leading company that PPG is today, and as I prepare to retire I know the company is poised to fully capitalize on our recent growth momentum.”
Morales currently serves on the board of directors of Teledyne Technologies Incorporated and is board chair of the Boys & Girls Clubs of Western Pennsylvania. He earned a Bachelor of Science in accounting from Robert Morris University and a Master of Business Administration from the Ohio State University.
Morales joined PPG in 1985 as a corporate controller at headquarters in Pittsburgh and advanced through finance and accounting assignments including supervisor of shared accounting services at the Chillicothe, Ohio, shared services center and plant controller at the former PPG glass plant in Mount Zion, Illinois. He returned to Pittsburgh in 2000 as manager of chemical revenue recognition and became director of internal financial reporting in 2001. Beginning in 2004, he led investor relations as director of investor relations and was elected vice president in 2007, adding responsibility as corporate treasurer in 2015. Morales was appointed vice president of finance in June 2016 and then to his current role in March 2017.
PPG, headquartered in Pittsburgh, reports operations in more than 70 countries and net sales of $15.8 billion in 2024. The company supplies paint and coatings and specialty products to customers in construction, consumer products, industrial and transportation markets and aftermarkets.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
