As of PPG's most recent proxy filings for fiscal year 2023 and 2024, the CEO of PPG is Timothy M. Knavish, who became CEO on January 1, 2023 after serving as COO. His total compensation package is typical for a Fortune 200 CEO and includes base salary, stock awards, and incentive bonuses tied to performance. In 2023, his base salary was approximately $1.1 million to $1.2 million, with total compensation including bonuses, stock awards, and other compensation of about $12 million to $14 million, depending on company performance and stock price. The previous long-time CEO, Michael McGarry, who retired in 2022, had a similar structure with a base salary around $1.3 million and total compensation often between $13 million and $16 million in years with strong performance. PPG's executive compensation is disclosed annually in its DEF 14A proxy statement filed with the SEC, and it is designed to align with shareholder interests, with about 80% of pay being at-risk and tied to earnings, cash flow, and total shareholder return metrics. Like other large public companies, the CEO also receives benefits such as retirement plans, deferred compensation, and limited perquisites. Compensation fluctuates yearly based on stock performance and achievement of sustainability goals.
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