John V. Faraci of International Paper joins PPG Industries board of directors
PITTSBURGH, Oct. 18, 2012 – PPG Industries (NYSE: PPG) today announced that its board of directors has elected John V. Faraci as a member of the company’s board, effective Oct. 18. He also has been appointed as a member of the board’s audit committee and nominating and governance committee.
Faraci, 62, is chairman and CEO of International Paper Co., a position he has held since November 2003. International Paper, based in Memphis, Tenn., is a global leader in the paper and packaging industry with manufacturing operations in North America, Europe, Latin America, Asia and North Africa.
“John brings a breadth of global business knowledge and leadership that will provide PPG with valuable perspective and guidance as we continue to grow our operations around the world,” said Charles E. Bunch, PPG chairman and CEO.
In 2003, Faraci was elected president and a director of International Paper, and he previously served as executive vice president and chief financial officer from 2000 to 2003. From 1999 to 2000, Faraci was the company’s senior vice president – finance and chief financial officer. From 1995 to 1999, he was chief executive officer and managing director of Carter Holt Harvey Ltd., a former majority-owned subsidiary of International Paper located in New Zealand.
Faraci is a member of the board of directors of United Technologies Corp. and the National Fish and Wildlife Foundation. He also serves on the board of the Moscow School of Management and is U.S. section chair for the U.S. – Brazil CEO Forum. He is a trustee of Denison University and the American Enterprise Institute.
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