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
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