PPG Industries (PPG, Financial) has announced the election of Leon J. Topalian to its Board of Directors, effective July 16, 2025. Mr. Topalian, who currently serves as Chair, President, and CEO of Nucor Corporation, will join the class of directors whose term expires at the 2026 Annual Meeting of Shareholders. His appointment includes roles on the Audit Committee and the Sustainability and Innovation Committee.
As an independent director, Mr. Topalian will receive compensation consistent with other non-employee independent directors, as outlined in PPG's definitive proxy statement filed with the Securities and Exchange Commission. This strategic addition to the board is expected to bolster PPG's governance and oversight capabilities, particularly in areas of financial auditing and sustainable innovation.
In 2024, PPG engaged in business transactions with Nucor Corporation, selling approximately $3,167,000 worth of products and services, while purchasing around $1,288,000 from Nucor. In the first quarter of 2025, PPG's sales to Nucor amounted to $917,000, with purchases totaling $246,000. These transactions were conducted in the ordinary course of business and represent less than one percent of each company's consolidated gross revenues for the respective periods.
Mr. Topalian's selection as a director was not influenced by any arrangement or understanding with other parties, ensuring his independent status on the board. This appointment is part of PPG's ongoing commitment to strengthening its leadership team and enhancing its strategic initiatives.
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