08.02.23
Axalta Coating Systems Ltd. announced that Dr. Kevin Stein, president and CEO of TransDigm Group Incorporated, has been appointed to Axalta’s Board of Directors as an independent director, effective Sept. 1, 2023. Stein will serve on Axalta’s Environment, Health, Safety, and Sustainability and Nominating and Corporate Governance Committees.
“We are extremely pleased to welcome Kevin to our Board of Directors as he is a dynamic executive with more than 30 years of progressive leadership experience,” said Rakesh Sachdev, Axalta’s board chair. “He is a seasoned public company CEO who has driven significant shareholder value creation. His global perspective and deep manufacturing experience with top-tier companies will better enable us to execute on our strategic growth plan.”
“Kevin is joining Axalta at an exciting time for us and our shareholders, as we look to further capitalize on our momentum to position Axalta for continued market leadership, profitable growth and value creation,” added Chris Villavarayan, Axalta’s CEO and president. “He has an impressive track record driving value across enterprises, and this background will be a great complement to our Board as we continue our growth trajectory."
With the appointment of Stein, Axalta’s Board will be composed of 10 directors, six of whom have been appointed to the board since the beginning of 2020.
Stein currently serves as president and CEO of TransDigm Group Incorporated, where he also serves on the Board of Directors. He joined the company in 2014 as COO of the Power and Controls Segment. He then became TransDigm’s COO and president in January of 2017, before being promoted to CEO in April 2018. TransDigm is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today
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Prior to joining TransDigm, Stein worked for Precision Castparts Corporation, now a division of Berkshire Hathaway, in a variety of senior leadership roles. Previously, Stein served as a division president for Cooper Industries and Tyco Electronics/Raychem Corporation.
“We are extremely pleased to welcome Kevin to our Board of Directors as he is a dynamic executive with more than 30 years of progressive leadership experience,” said Rakesh Sachdev, Axalta’s board chair. “He is a seasoned public company CEO who has driven significant shareholder value creation. His global perspective and deep manufacturing experience with top-tier companies will better enable us to execute on our strategic growth plan.”
“Kevin is joining Axalta at an exciting time for us and our shareholders, as we look to further capitalize on our momentum to position Axalta for continued market leadership, profitable growth and value creation,” added Chris Villavarayan, Axalta’s CEO and president. “He has an impressive track record driving value across enterprises, and this background will be a great complement to our Board as we continue our growth trajectory."
With the appointment of Stein, Axalta’s Board will be composed of 10 directors, six of whom have been appointed to the board since the beginning of 2020.
Stein currently serves as president and CEO of TransDigm Group Incorporated, where he also serves on the Board of Directors. He joined the company in 2014 as COO of the Power and Controls Segment. He then became TransDigm’s COO and president in January of 2017, before being promoted to CEO in April 2018. TransDigm is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today
.
Prior to joining TransDigm, Stein worked for Precision Castparts Corporation, now a division of Berkshire Hathaway, in a variety of senior leadership roles. Previously, Stein served as a division president for Cooper Industries and Tyco Electronics/Raychem Corporation.