01—Abstract
Summary
Summary of the 8-K filed December 1, 2025. Cited figures are marked; the original filing is the authoritative source.
PPG Industries, Inc. (NYSE: PPG) filed this Current Report on Form 8-K to disclose that Vincent (Vince) J.
Morales, Senior Vice President and Chief Financial Officer, intends to retire on July 1, 2026. The filing states that Mr. Morales announced his retirement on November 28, 2025, and that his previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms. PPG issued a press release on December 1, 2025, announcing the retirement, which is furnished as Exhibit 99 and incorporated by reference.
According to that release, Mr. Morales has served as CFO since 2017, is a 40-plus-year veteran of the company, and will remain part of the executive leadership team through July 2026 to ensure a seamless transition. The release states that a global internal and external search is underway for a successor, as part of a previously planned succession process.
For investors, the key points are the planned leadership change in a core finance role, the company's stated intention to maintain continuity through the transition period, and the search for a permanent successor, which the release describes as already in progress. The release also notes PPG reported net sales of $15.8 billiona in 2024.
02—Key points
Key Highlights
- Vincent J. Morales, SVP and Chief Financial Officer, announced his intention to retire on July 1, 2026.
- Mr. Morales announced his retirement on November 28, 2025; PPG issued a press release on December 1, 2025.
- A global internal and external search is underway to identify a successor for the CFO role, described as part of a previously planned succession process.
- Mr. Morales will remain a key part of the executive leadership team through July 2026 to ensure a seamless and coordinated transition.
- His previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms.
- Mr. Morales has served as CFO since 2017 and has led investor relations, corporate treasury and finance roles during a career of more than 40 years at the company.
- PPG reported net sales of $15.8 billion in 2024, per the press release boilerplate.
03—Questions
Frequently Asked Questions
Who is leaving PPG and when?
Vincent (Vince) J. Morales, Senior Vice President and Chief Financial Officer, intends to retire from the Company on July 1, 2026.
Why is the CFO retiring?
The filing and press release announce his retirement but do not state a reason for it. The release describes it as a planned retirement following a 40-plus-year career with the company.
Is there a successor for the CFO role?
According to the press release, a global internal and external search is underway to identify a successor, as part of a previously planned succession process. No successor is named in the filing.
Will Mr. Morales stay on during the transition?
Yes. The press release states that he agreed to remain a key part of the executive leadership team through July 2026 to ensure a seamless and coordinated transition.
What happens to his equity awards?
The filing states that his previously awarded stock options, restricted stock units and total shareholder return contingent shares will vest in accordance with their terms.
04—Continue