01—Abstract
Summary
Summary of the 8-K filed August 11, 2025. Cited figures are marked; the original filing is the authoritative source.
PPG Industries, Inc. filed an 8-K reporting a planned succession in its legal leadership.
Anne M. Foulkes, Senior Vice President and General Counsel, announced on August 7, 2025 her intention to retire on August 31, 2026. Effective January 1, 2026, she will become Senior Vice President, Legal and Special Projects, to ensure a smooth transition of general counsel responsibilities and oversee certain projects for the company through August 31, 2026.
On August 11, 2025, the company announced that Joseph R. Gette, currently Vice President, Deputy General Counsel and Secretary, will become Senior Vice President, General Counsel and Secretary effective January 1, 2026. In connection with her retirement, Ms. Foulkes will be eligible to receive a 2027 payment under the company's annual incentive plan for the full year of 2026, and her previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms.
The filing describes a planned, multi-month transition rather than an unexpected departure. The company's press release, attached as Exhibit 99, states that Ms. Foulkes has served as general counsel since 2018 and has been with PPG for 30 years. Chairman and CEO Tim Knavish thanked her for her contributions and said she will remain part of the executive leadership team through August 2026.
02—Key points
Key Highlights
- Anne M. Foulkes, SVP and General Counsel, will retire on August 31, 2026, after announcing her intention on August 7, 2025.
- Effective January 1, 2026, Foulkes becomes SVP, Legal and Special Projects to support the transition and oversee certain company projects through August 31, 2026.
- Joseph R. Gette, currently VP, Deputy General Counsel and Secretary, will become SVP, General Counsel and Secretary effective January 1, 2026.
- Foulkes will be eligible for a 2027 payment under the annual incentive plan for the full year of 2026.
- Her previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest according to their terms.
- The company describes the change as a planned succession for the general counsel role, with Foulkes having joined PPG in 1995.
- The 8-K was filed under Item 5.02 (officer departures and appointments) with a press release furnished as Exhibit 99.
03—Questions
Frequently Asked Questions
Why is PPG's general counsel retiring?
The filing describes Anne M. Foulkes's retirement as part of a planned succession for the general counsel role. It does not give other reasons.
Who will replace Anne Foulkes as general counsel?
Joseph R. Gette, currently Vice President, Deputy General Counsel and Secretary, will become Senior Vice President, General Counsel and Secretary effective January 1, 2026.
When does Foulkes's retirement take effect, and what does she do in the interim?
She announced her intention to retire on August 31, 2026. From January 1, 2026, she will serve as Senior Vice President, Legal and Special Projects, to ensure a smooth transition and oversee certain projects.
What compensation and equity arrangements apply to Foulkes's retirement?
She will be eligible to receive a 2027 payment under the annual incentive plan for the full year of 2026. Previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms.
Does this change affect PPG's financial results?
The filing does not report any financial results or effects on operations. It covers only executive succession and related compensation arrangements.
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