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PPG Restructuring: Refinish chief's role expands

Ppg

PPG promoted Chancey Hagerty, who leads the automotive refinish business, to oversee the company's entire $5.5 billion performance coatings segment starting September 1, consolidating aerospace, protective and marine coatings, and traffic products under his leadership to reduce organizational complexity.

  • New Role: Chancey Hagerty now oversees PPG's performance coatings segment worth $5.5 billion in annual sales, up from $5.24 billion the prior year
  • Reporting Structure: Executives running aerospace coatings (Sam Millikin) and protective/marine coatings (Amy Ericson) now report directly to Hagerty
  • Effective Date: Restructuring takes effect September 1, 2025
  • Business Performance: Aerospace and protective/marine coatings posted double-digit growth in 2025, while automotive refinish demand weakened late in the year
  • Strategic Goal: The restructuring aims to reduce complexity and give executives more control over growth and costs across their segments

PPG puts refinish chief Hagerty in charge of $5.5-billion coatings group

Chancey Hagerty, the executive who runs PPG’s collision repair paint business, is being put in charge of a group of businesses that generated about US$5.5 billion in sales last year.

Starting Sept. 1, Hagerty will oversee automotive refinish, aerospace coatings, protective and marine coatings and traffic products. Those businesses make up PPG’s performance coatings segment. Hagerty will remain directly responsible for automotive refinish.

The practical change is one of hierarchy.

PPG grouped those businesses together for financial reporting in 2025. Under the new structure, the senior executives running aerospace and protective and marine coatings will report to Hagerty, giving him overall responsibility for the group. Sam Millikin, who runs aerospace coatings, will continue to report to him. Amy Ericson, who runs protective and marine coatings and traffic products, will now also report to Hagerty.

For collision repairers, Hagerty is a familiar name. He has led PPG’s global automotive refinish business since 2020, overseeing the paint and repair-material business serving bodyshops. His responsibilities already included aerospace coatings and oversight of PPG’s Asia-Pacific operations and a joint venture developing protective and paint films.

The expanded job puts the refinish chief over some of PPG’s strongest-growing businesses.

In 2025, aerospace and protective and marine coatings both posted double-digit sales growth, while automotive refinish demand weakened late in the year. PPG reported US$5.51 billion in sales from the performance coatings group in 2025, up from US$5.24 billion a year earlier.

Automotive refinish itself had a tougher finish to the year. Sales fell by a high single-digit percentage in the fourth quarter as distributors bought less product after heavier purchasing earlier in 2025. PPG said lower refinish volumes also weighed on profitability in the group.

A second automotive executive is also moving higher in the organization.

Alisha Bellezza, who runs the business supplying coatings to automakers for use when vehicles are built, will take charge of PPG’s industrial coatings group. She will remain responsible for automotive coatings while also overseeing industrial coatings, packaging coatings and specialty products. That group generated about US$6.52 billion in sales in 2025.

Juliane Hefel, who currently runs industrial coatings and specialty products, will report to Bellezza. Denise Lu, who runs packaging coatings, will also remain under Bellezza.

The distinction between Bellezza’s automotive business and Hagerty’s is important. Bellezza’s side supplies coatings used by vehicle manufacturers on new cars and trucks. Hagerty’s refinish business supplies the coatings and related systems used after a vehicle has been damaged and repaired.

The reshuffle comes after several years of simplifying PPG’s portfolio. The company sold its U.S. and Canadian architectural paint business for US$550 million in late 2024 and also sold its silicas business. Executives subsequently grouped the remaining operations into three reporting segments, including performance coatings and industrial coatings.

Tim Knavish, PPG chairman and CEO, said the latest move is intended to reduce complexity and give the executives running each group more control over growth and costs.

“These executive leaders and their teams will be charged with optimizing their respective segments to maximize performance for our customers, employees and shareholders,” Knavish said.

Hagerty joined PPG in 1996 as an engineer before moving through sales, manufacturing and senior roles in industrial and original-equipment automotive coatings. He took over global automotive refinish in 2020.

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