PITTSBURGH – PPG‘s board of directors has been ranked first among the boards of more than 600 U.S. public companies, according to a study of governance capacity conducted by JamesDruryPartners, a company that provides board advisory services.
The third annual "The Weight of America’s Boards" study scored PPG’s board highest for the makeup of its directors in terms of business accomplishments, leadership roles served with companies and the relative value of their experience. PPG’s board is one of only two company boards to have ranked among the top 10 in all three of the annual studies published by JamesDruryPartners.
“PPG is proud that its board of directors has been recognized as having the highest overall governance capacity,” said Charles Bunch, PPG chairman and CEO. “The board’s collective business expertise and acumen plays a fundamental role in overseeing PPG’s management performance, safeguarding the long-term health of its business and representing the interests of shareholders.”
"The Weight of America’s Boards" study examines the boards of the largest U.S. public companies as measured by revenue and by market cap. The report was established to offer an objective view of the governance capacity of the largest U.S. corporations, based on the premise that the quality of board directors’ collective business acumen provides the primary measurable factor indicating a board’s capacity to govern well. The companies included in the study range in revenue from $4.2 billion to $486 billion, and in market cap from $5.4 billion to $536 billion.
The PPG Board of Directors is comprised of the following:
* Charles Bunch, chairman and CEO, PPG Industries Inc.
* Stephen Angel, chairman, president and CEO, Praxair Inc.
* James Berges, partner, Clayton, Dubilier & Rice LLC, and retired president, Emerson Electric Co.
* John Faraci, chairman and CEO, International Paper Co.
* Hugh Grant, chairman and CEO, Monsanto Co.
* Victoria Haynes, retired CEO, RTI International
* Michele Hooper, president and CEO, The Directors’ Council
* Robert Mehrabian, chairman, president and CEO, Teledyne Technologies Inc.
* Martin Richenhagen, chairman, president and CEO, AGCO Corp.
* Robert Ripp, chairman of Lightpath Technologies and former chairman and CEO, AMP Inc.
* Thomas Usher, non-executive chairman of the board, Marathon Petroleum Corp.
* David Whitwam, retired chairman and CEO, Whirlpool Corp.
