{"id":749682,"date":"2023-04-20T12:31:10","date_gmt":"2023-04-20T16:31:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-highlights-2022-performance-during-annual-meeting-of-shareholders\/"},"modified":"2023-04-20T12:31:10","modified_gmt":"2023-04-20T16:31:10","slug":"ppg-highlights-2022-performance-during-annual-meeting-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-highlights-2022-performance-during-annual-meeting-of-shareholders\/","title":{"rendered":"PPG highlights 2022 performance during annual meeting of shareholders"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>PPG highlights 2022 performance during annual meeting of shareholders<\/b><\/p>\n<p>PITTSBURGH&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPPG (NYSE:PPG) today held its annual meeting of shareholders where Tim Knavish, PPG president and chief executive officer, highlighted the company\u2019s performance in 2022.<\/p>\n<p>\n\u201cWe achieved record full-year net sales of approximately $17.7 billion, up 5% compared with 2021, led by an 8% increase in organic sales driven by higher selling prices,\u201d Knavish said. \u201cWe exited the year with a strong balance sheet that will provide continued financial flexibility as we execute our growth strategy.<\/p>\n<p>\n\u201cThe success of our team\u2019s work throughout the year has enabled us to continue to reward our shareholders,\u201d Knavish added. \u201cIn 2022, we raised our annual dividend for the 51st consecutive year and achieved our 123rd year of uninterrupted annual dividends, which places PPG in a select group of companies that have achieved these significant milestones.\u201d<\/p>\n<p>\nKnavish also highlighted several key environmental, social and governance (ESG) actions and achievements in 2022, including:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nReducing greenhouse gas emissions by 13%, lowering total energy use by 8%, and decreasing waste disposal intensity by 16% from the 2017 baseline;<\/p>\n<\/li>\n<li>\nSubmitting greenhouse gas (GHG) emissions reduction targets to the Science-Based Target initiative for validation; and<\/p>\n<\/li>\n<li>\nInvesting $16.2 million globally to support nonprofits, including more than $9 million to advance education in science, technology, engineering and math (STEM).<\/p>\n<\/li>\n<\/ul>\n<p>\nPPG will publish its latest all-digital ESG report in May.<\/p>\n<p>\nLooking ahead, Knavish said: \u201cAs the economic environment improves, we anticipate having increased opportunities to create additional value for our shareholders, customers and employees. I\u2019m confident that our team will deliver by focusing on cash generation, margin management and earnings growth.\u201d<\/p>\n<p>\nAt the meeting, shareholders re-elected directors Stephen F. Angel, chairman of the board of Linde plc; Hugh Grant, retired chairman of the board and CEO of Monsanto Company; Melanie L. Healey, former group president North America of the Procter &amp; Gamble Company; and Guillermo Novo, chairman and CEO or Ashland Inc., in addition to Knavish.<\/p>\n<p>\nShareholders also approved the compensation of the named executive officers and chose one year as the frequency of future advisory votes on executive compensation. They also ratified PricewaterhouseCoopers LLP as the company\u2019s independent registered public accounting firm for 2023. Shareholders voted against a proposal to adopt a policy requiring an independent board chair.<\/p>\n<p>\nTo learn more about PPG\u2019s progress in 2022, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fannualreport.ppg.com%2F&amp;esheet=53384889&amp;newsitemid=20230420005811&amp;lan=en-US&amp;anchor=annualreport.ppg.com&amp;index=1&amp;md5=b66079a7215f778be732334b85fff3ca\">annualreport.ppg.com<\/a>\/<\/p>\n<p><b>PPG: WE PROTECT AND BEAUTIFY THE WORLD\u00ae<\/b><\/p>\n<p>\nAt PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for 140 years. Through dedication and creativity, we solve our customers\u2019 biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $17.7 billion in 2022. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ppg.com&amp;esheet=53384889&amp;newsitemid=20230420005811&amp;lan=en-US&amp;anchor=www.ppg.com&amp;index=2&amp;md5=41a9676cd07341c158f7b50e9d606e5a\">www.ppg.com<\/a>.<\/p>\n<p><i>T<\/i>he <i>PPG Logo<\/i> and <i>We protect and beautify the world <\/i>are registered trademarks of PPG Industries Ohio, Inc.<\/p>\n<p>\nCATEGORY Corporate<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230420005811r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230420005811\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230420005811\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<br \/><\/b>Mark Silvey<br \/>\n<br \/>Corporate Communications<br \/>\n<br \/>+1 412 434 3046<br \/>\n<br \/><span><a rel=\"nofollow\" href=\"mailto:silvey@ppg.com\">silvey@ppg.com<br \/>\n<\/a><\/span><br \/><span><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ppg.com&amp;esheet=53384889&amp;newsitemid=20230420005811&amp;lan=en-US&amp;anchor=www.ppg.com&amp;index=3&amp;md5=f6fe7e19eb779240b185f2de0a1fc022\">www.ppg.com<\/a><\/span><\/p>\n<p><b>Investor Contact:<br \/>\n<\/b><br \/>John Bruno<br \/>\n<br \/>Investor Relations<br \/>\n<br \/>+1 412 434 3466<br \/>\n<br \/><span><a rel=\"nofollow\" href=\"mailto:jbruno@ppg.com\">jbruno@ppg.com<br \/>\n<\/a><\/span><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Finvestor.ppg.com&amp;esheet=53384889&amp;newsitemid=20230420005811&amp;lan=en-US&amp;anchor=investor.ppg.com&amp;index=4&amp;md5=e36f3ea55b2b37a8987fb63149cdec82\">investor.ppg.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230420005811\/en\/514781\/3\/PPG_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>PPG highlights 2022 performance during annual meeting of shareholders PITTSBURGH&#8211;(BUSINESS WIRE)&#8211; PPG (NYSE:PPG) today held its annual meeting of shareholders where Tim Knavish, PPG president and chief executive officer, highlighted the company\u2019s performance in 2022. \u201cWe achieved record full-year net sales of approximately $17.7 billion, up 5% compared with 2021, led by an 8% increase in organic sales driven by higher selling prices,\u201d Knavish said. \u201cWe exited the year with a strong balance sheet that will provide continued financial flexibility as we execute our growth strategy. \u201cThe success of our team\u2019s work throughout the year has enabled us to continue to reward our shareholders,\u201d Knavish added. \u201cIn 2022, we raised our annual dividend for the 51st consecutive year and achieved &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-highlights-2022-performance-during-annual-meeting-of-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PPG highlights 2022 performance during annual meeting of shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749682","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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