PPG Industries names new CFO

PPG Industries names finance exec as CFO, current CFO appointed to new position

Associated Press

PITTSBURGH (AP) -- Paints and coatings maker PPG Industries Inc. on Friday named a news chief financial officer and said its current CFO would move to a new role within the company.

Frank Sklarsky, who currently serves as executive vice president for finance, will become executive vice president and CFO, effective Aug. 1. David Navikas, the company's current CFO, will be senior vice president for strategic planning and corporate development.

The company this week reported better-than-expected earnings and higher revenue for its most recent quarter and a $102 million restructuring program. Business is improving in North America and Asia but remains sluggish in Europe.

In afternoon trading, PPG shares fell 73 cents to $159.27. The stock is up about 18 percent this year.

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