Axalta Names Steven M Chapman to Board of Directors

Axalta Coating Systems has appointed Steven M Chapman to its Board of Directors, effective as of July 21, 2020.

Mr Chapman will serve on the Company's Audit and Environment, Health, Safety & Sustainability Committees.

"I'm pleased to welcome Steve to our Board of Directors," said Mark Garrett, Axalta's Board Chair.

"He brings extensive China and emerging markets experience from his long and distinguished career at Cummins, a global Fortune 500 manufacturing leader.

"Axalta continues to focus on growing our customer base, Steve has a proven track record of building a successful business in China and he understands the M&A market in the region, as well as how to leverage partnerships and joint ventures to drive performance.

"His guidance will help Axalta further build our leadership position in the coatings industry around the world."

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"Steve's background and 30+ years of experience in China and emerging markets where he successfully grew Cummins' China business make him a great fit for Axalta's business goals and priorities," added Robert Bryant, Axalta's Chief Executive Officer.

"Moreover, Steve will complement our Board's current expertise in the automotive and commercial vehicle markets, particularly in China."

Mr Chapman (66) is currently Group Vice President - China and Russia at Cummins Inc, responsible for driving business growth in both countries.

He joined Cummins in 1985 as Manager - International Business Development and has held a number of positions related to Cummins' international operations, including leadership of Southeast Asia and China.

He has been instrumental in developing Cummins' successful business model for emerging markets and is retiring from Cummins effective as of July 31, 2020.

Previously, Mr Chapman was employed by Green Giant in Taiwan and China.

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