Axalta (AXTA) Appoints Jan Bertsch to its Board

Axalta Coating Systems Ltd. (NYSE: AXTA), a leading global coatings company, today announced that Jan Bertsch, automotive industry veteran and former Senior Vice President and Chief Financial Officer for Owens-Illinois Inc., now O-I Glass, Inc., has been appointed to the company’s Board of Directors as an independent director, effective September 13, 2022. She will serve on the Axalta Audit Committee. The Company also announced that Elizabeth Lempres is stepping down as a member of the Board, effective September 15, 2022.

“We are pleased to welcome Jan to our Board of Directors and look forward to benefitting from her tremendous expertise as an operationally focused CFO with a strong track record of value creation and asset optimization,” said Bill Cook, Axalta’s Board Chair. “Axalta will benefit from Jan’s deep financial and information technology expertise and global perspective as we execute on our strategic growth plan and deliver value for our shareholders.”

Cook added, “On behalf of our entire Board, I want to thank Liz for her leadership and dedication to Axalta. Liz’s diverse global strategy experience has helped to guide Axalta’s continued evolution and growth trajectory. Her many contributions to the Board and the company are greatly appreciated.”

As part of the Board’s ongoing refreshment process and commitment to seeking top talent on the Board and management team, the Board performs extensive searches with the assistance of an independent executive search firm to identify highly qualified candidates with relevant skills and experience. Axalta is committed to bringing diverse leaders and experiences to the Board and throughout the organization.

With the appointment of Bertsch and the departure of Lempres, Axalta’s Board will be composed of eight directors, four of whom were appointed to the Board since the beginning of 2020. Axalta’s directors bring unique backgrounds and experience in areas important to Axalta’s business, including executive leadership, finance, audit, information technology and global operations, and in relevant industries, including specialty chemicals and Axalta’s end markets.

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