Trian Partners Activist Presentation Deck slide image

Trian Partners Activist Presentation Deck

Employees May Be Losing Confidence in Management ▪ According to Glassdoor, PPG's CEO approval rating currently stands at 61%, more than 20 percentage points lower than the peer average Since the beginning of 2017, PPG's CEO approval has dropped nearly 20 percentage points Glassdoor CEO Approval Ratings 89% Benjamin Moore Paints 258 81% CEOs on PPG'S (1) Board 331(1) 80% AkzoNobel Peer Average: 83% # of ratings 57 79% ALA SHERWIN WILLIAMS. 567 61% PPG 192 PPG's CEO Approval Trend (per Glassdoor) (2017-Today) CEO Approval Trend 5/2017 11/2017 5/2018 80% Source: Publicly available data from Glassdoor.com. Ratings as of October 11, 2018. Note: Axalta excluded due to recent CEO change. RPM International and Masco CEO's excluded due to statistically irrelevant sample sizes. (1) Average of approval ratings and number of ratings for Hugh Grant, Michael Lamach, Martin Richenhagen, Stephen Angel, and Gary Heminger. 60%6 40% With both investors and employees seemingly dissatisfied, PPG's leadership culture needs to be addressed - 14 -
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