Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”), a leading global coatings company, announced today that Michael Cash has resigned as Senior Vice President and President of Axalta’s Industrial Coatings business, effective May 31, 2019, to pursue an opportunity outside of the coatings industry. Mr. Cash will be succeeded by Rajeev Rao, who currently serves as Axalta’s Vice President, Global Powder and Business Development / Strategy, Industrial Coatings, and David Heflin, who currently serves as Axalta’s Vice President, Global Industrial Coating Systems.
Mr. Rao will continue to run Axalta’s powder business, and Mr. Heflin will be promoted to Vice President, Global Industrial Liquid Coatings, where he will oversee Axalta’s general industrial, coil coatings, wood coatings and energy solutions businesses. Together, Rao and Heflin will serve as co-heads of Axalta’s Industrial Coatings business and report directly to Robert Bryant, Axalta’s Chief Executive Officer.
Mr. Bryant said, “Rajeev and Dave are both seasoned executives with extensive industry experience and a deep understanding of the strategic direction and future growth opportunities across our Industrial Coatings business. Their leadership and guidance will help build upon the strength of our business and our talented team in a manner consistent with our strategic imperatives prioritizing people, innovation, growth and performance. I am confident that Rajeev and Dave will position the business and Axalta for sustained growth.”
Bryant continued, “I also want to thank Mike for his dedication to Axalta over the past six years. He has helped meaningfully shape and grow our Industrial Coatings business, and we wish him all the best in his future endeavors.”