Rakesh Sachdev to Become Non-Executive Board Chair. Axalta Coating Systems Ltd. (NYSE:AXTA) announced the appointment of Chris Villavarayan as Chief Executive Officer and President and a member of the company’s Board of Directors, effective January 1, 2023. At that time, Rakesh Sachdev, who has served as interim CEO and President, will succeed Bill Cook as […]
Jim Muse Named VP of Sales for Global Refinish at Axalta
Axalta Coating Systems Ltd. (NYSE:AXTA) announced that Jim Muse has been promoted to VP of Sales, Global Refinish, effective January 1, 2023. Muse will return to Axalta’s Global headquarters in Glen Mills, Pa. and will report to Troy Weaver, Senior Vice President Global Refinish. “We are thrilled to promote Jim to lead our Global Sales […]
Axalta Reports Sales Up 13.8% in Third Quarter
Reports year-over-year market gains and continued recovery in Refinish and Mobility coatings segments. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,238.7 million increased 13.8% year-over-year, after the negative 6.3% foreign currency impact. The strong year-over-year growth was driven by 9.7% higher average price-mix, a 1.6% M&A benefit and 8.8% better volumes. […]
Axalta Launches Next Generation Automotive Refinish Basecoat Technology in Latin America
Axalta Coating Systems Ltd. (NYSE:AXTA) announced the launch of its next generation basecoat technology, Cromax Gen, for the Automotive Refinish industry in Latin America. The new product will help increase productivity and optimize costs for collision repair facilities. “Color reproducibility is key for the Automotive Refinish industry. The speed and accuracy in which we can […]
Axalta Reports Sales Up 9.6% in Second Quarter Compared to 2021
Refinish sales increased 6% to $491.1 million. Announces CEO transition. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the second quarter ended June 30 as well as the departure of CEO Robert Bryant at the end of August. The company reported that second quarter net sales were $1,234.9 million, an increase of 9.6% […]
Axalta Reports Sales Up 10.4% in First Quarter Compared to Last Year
Refinish sales up 15.6% compared to 2021 and volume up 4%. Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,174.1 million for its first quarter ended March 31, an increase of 10.4% year-over-year, including a 3.0% foreign currency offset. The year-over-year growth was driven by 8.8% higher average price-mix, a 3.6% M&A benefit, and […]
Wake Tech College Adds Collision Repair Degree Program at New Hendrick Center for Automotive Excellence
Wake Tech celebrated the opening of its new Hendrick Center for Automotive Excellence April 13. Governor Roy Cooper, automotive industry icon Rick Hendrick and other elected officials and industry partners cut the ribbon on the $42 million state-of-the-art facility on Wake Tech’s Scott Northern Wake Campus in Raleigh, N.C. The facility will allow the college […]
Axalta Reports 2021 Sales of $4.4 Billion Up Over 18% from 2020
Company reports improved operating results despite continued supply chain challenges. Persistent inflation was partially offset by continued pricing gains. Axalta Coating Systems Ltd. (NYSE: AXTA) announced net sales of $1,137.2 million increased 5.8% year-over-year for its fourth quarter ended December 31. Net sales for the full year were $4,416.2 million, an increase of 18.2% year-over-year; […]
Axalta Commits to New Sustainability Goals for 2030 and Carbon Neutrality by 2040
Axalta (NYSE:AXTA) announced its commitment to an absolute reduction of 50 percent of Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, on its way to becoming carbon neutral in its operations by 2040 – one decade ahead of the deadline set by the Paris Agreement on Climate Change. In addition, the company has […]
Dr. Keith Silverman to Lead Operations and Supply Chain at Axalta
Axalta Coating Systems (NYSE:AXTA) today announced that Dr. Keith Silverman is joining Axalta as Senior Vice President & Chief Operations and Supply Chain Officer, effective immediately. “Keith is an outstanding leader with an impressive track record in leading operational excellence with a strong focus on safety and sustainability. He will lead Operations and Supply Chain, […]
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