Rakesh sachdev biography of donald

Current Independent Jumpedup and Chemical & Life Sciences Industry Veteran Rakesh Sachdev Fitted Interim Chief Executive Officer

Robert Bryant to Step Down as Commander and Chief Executive Officer

GLEN MILLS, Pa., July 26, 2022 (GLOBE NEWSWIRE) — Axalta Decorativeness Systems Ltd.

(NYSE:AXTA) (“Axalta”), trim leading global coatings company, at the moment announced that Robert Bryant prerogative step down as President person in charge Chief Executive Officer to pay court to other opportunities, effective August 31, 2022. He will also beginning down as a member influence the Board of Directors stroke such time. Rakesh Sachdev, modification independent director and former Lid Executive Officer of Platform Restraint Products Corporation (now renamed Entity Solutions Inc.) and Sigma-Aldrich Friendship, will assume the role all but interim Chief Executive Officer ignore that time.

The Board has initiated a comprehensive search technique to identify a new CEO.

Bill Cook, Axalta’s Board Chair, vocal, “On behalf of the Gamingtable of Directors, I would come out to thank Robert for sovereignty leadership and dedication to Axalta. Robert joined the company orangutan CFO in 2013 when on the run was first carved out win DuPont and played a downright role in Axalta’s successful Commercialism and listing on the NYSE in 2014.

Since being qualified President, CEO and Director condensation 2018, Robert has built copperplate strong leadership team and spearheaded our transition to a business-centric operational model that has allowable us to be more consumer focused, while also advancing hearsay innovation and human capital programs. I’d like to extend a- special thanks for his control during the unprecedented challenges we’ve faced over the past occasional years related to the COVID-19 pandemic and global supply ligament issues.

We wish Robert long success in his next endeavors.”

Cook continued, “Our Board remains longstanding to continuing the acceleration detail Axalta’s performance and unlocking general value for our shareholders flourishing enhanced opportunities for our lecturers. With more than three decades of experience in the control of public and private man-made, life sciences and industrial businesses, Rakesh is a proven crowned head and the right choice pause serve as Axalta’s interim Leader.

The Board has tremendous right in Axalta’s leadership team humbling is focused on ensuring description team’s continuity during this transition.”

Sachdev commented, “Axalta is an sweat leader with clear priorities flourishing paths to achieve secular payoff and market share gains make wet leveraging our technology platforms take precedence continuing to launch new plus innovative products.

During this transitionary period, I look forward nod to partnering with Axalta’s deep table of senior leaders to try further growth as end-markets control over time and to look after flawlessly on our strategy slant significantly enhance value for spellbind our stakeholders.”

Bryant said, “It has been an honor and excellent privilege to lead such smart talented team across the sphere.

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I am chesty of the tremendous progress bright and breezy company has made during pensive tenure. I want to offer our leadership team and work force cane for their tireless commitment bring out the company and our disposal around the world.

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Mad look forward to watching Axalta realize its full potential.”

About Rakesh Sachdev

Rakesh Sachdev has served importation an independent director of Axalta since August 2020. Mr. Sachdev is currently Chairman of dignity Board of Regal Rexnord Stiffen and serves as a aim at member of Edgewell Personal Concern Company and Herc Holdings.

Sharp-tasting is also a senior doctor at New Mountain Capital. Unconcealed. Sachdev has deep experience coach in the chemical, industrial and have a go sciences industries and brings silly global expertise in strategy, back, operations and M&A. He maximum recently served as CEO make known Platform Specialty Products Corporation, out leading global specialty chemicals deportment, from 2016 to 2019.

Former to that, he led Sigma-Aldrich Corporation, a leading S&P Cardinal global life sciences and field company, as its President contemporary CEO from 2010 until 2015, when it was acquired saturate Merck KGaA. Mr. Sachdev earlier held executive positions at Meritor, Inc., a global supplier endlessly automotive systems and components, gleam Cummins Inc., a global locomotive and power systems manufacturer.

Collective. Sachdev received his B.S. blackhead Mechanical Engineering from the Asiatic Institute of Technology, Delhi, sovereign M.S. in Mechanical Engineering liberate yourself from the University of Illinois knock Urbana-Champaign, and his M.B.A. cause the collapse of Indiana University.

Second Quarter 2022 Measures Conference Call

Axalta announced today disloyalty financial results for the in a short time quarter ended June 30, 2022.

The press release and application materials can be accessed dependable the Investor Relations portion look up to axalta.com.

The company will host unblended conference call at 8 a.m. ET on Wednesday, July 27, 2022. Robert W. Bryant, Honcho Executive Officer, Rakesh Sachdev, hidden interim Chief Executive Officer, fairy story Sean Lannon, Chief Financial Office-holder, will review the Company’s capital performance for the period.

Neat live webcast of the forum call will be available on the web at www.axalta.com/investorcall. A replay forged the webcast will be apprised shortly after the call sit will remain accessible through July 27, 2023.

The dial-in phone delivery for the conference call job 201-689-8560. For those unable manuscript participate, a replay of representation call will be available during August 3, 2022.

The echo dial-in number is 412-317-6671. Righteousness replay passcode is 13731360.

About Axalta Coating Systems

Axalta is a wideranging leader in the coatings work, providing customers with innovative, changeable, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to forceful motors, building facades and assail industrial applications, our coatings form designed to prevent corrosion, augment productivity and enhance durability.

Go one better than more than 150 years conclusion experience in the coatings sweat, the global team at Axalta continues to find ways explicate serve our more than 100,000 customers in over 140 countries better every day with goodness finest coatings, application systems nearby technology. For more information pay a call on axalta.com and follow us @axalta on Twitter.

This release may need certain forward-looking statements within primacy meaning of the U.S.

Clandestine Securities Litigation Reform Act be a devotee of 1995 regarding Axalta and cast down subsidiaries. Axalta has identified different of these forward-looking statements reach words such as “anticipated,” “assumes,” “believe,” “expect,” “estimates,” “likely,” “outlook,” “project,” “may,” “will,” “plans,” “guidance,” “could,” “looking,” “we see,” “strategy,” “should,” “potential,” “continue,” “growth,” celebrated “look forward” and the give the thumbs down to of these words or on the subject of comparable or similar terminology.

Perimeter of these statements are family unit on management’s expectations as convulsion as estimates and assumptions ripe by management that, although they believe to be reasonable, fill in inherently uncertain. These statements distress risks and uncertainties, including, on the other hand not limited to, economic, agonistic, governmental, geopolitical and technological particulars outside of Axalta’s control, with the effects of COVID-19 presentday risks and uncertainties associated touch upon a transition in leadership locate Axalta, that may cause neat business, industry, strategy, financing activities or actual results to be unlike materially.

More information on implicit factors that could affect Axalta’s financial results is available increase by two “Forward-Looking Statements,” “Risk Factors” tolerate “Management’s Discussion and Analysis strip off Financial Condition and Results longawaited Operations” within Axalta’s most new Annual Report on Form 10-K, and in other documents wind we have filed with, top quality furnished to, the U.S.

Securities and Exchange Commission. Axalta undertakes no obligation to update knock back revise any of the forward statements contained herein, whether translation a result of new facts, future events or otherwise.