PPG (NYSE:PPG) announced today that Vincent (Vince) J. Morales, the company’s long-serving senior vice president and chief financial officer, has shared his plans to retire on July 1, 2026. Morales has held the CFO role since 2017 and is marking more than four decades of dedicated service to PPG. Throughout his career, he has been a central figure in guiding the company’s financial strategy, supporting major business transformations, and shaping the organization into one of the world’s leading manufacturers of paints, coatings, and specialty materials.
In addition to overseeing PPG’s global financial operations, Morales serves as a member and secretary of the company’s operating committee and is an active participant on the executive committee. His influence extends beyond finance, as he also holds executive responsibility for corporate development and information technology—areas that have played increasingly strategic roles as the company continues to evolve in a rapidly changing global market.
As part of a planned executive transition, PPG has already initiated a global search, considering both internal and external candidates, to identify the next CFO who will carry forward the company’s long-term financial and operational priorities.
Tim Knavish, PPG chairman and CEO, expressed deep appreciation for Morales’s decades of service and the lasting impact he has had on the organization. “On behalf of the PPG leadership team and the PPG Board of Directors, I want to congratulate Vince on an exceptional career and thank him for the tremendous contributions he has made to PPG over more than 40 years,” Knavish said. He emphasized that Morales has earned widespread respect within the company and across the industry for his integrity, steady leadership, and ability to navigate complex business environments. According to Knavish, Morales has played a pivotal role in helping PPG expand its global presence, strengthen its portfolio, and maintain its position as an industry leader.
Knavish also highlighted the personal and organizational value Morales brings beyond formal responsibilities. As a long-time member of the operating and executive committees, he has been deeply involved in cross-functional decision-making, long-term strategic planning, and initiatives that have shaped PPG’s culture and business direction. Morales is known for his mentorship, having supported the career development of employees across multiple disciplines.
He has also been an active executive sponsor of PPG’s employee resource groups, demonstrating a commitment to inclusion and a workplace culture that encourages diverse perspectives. Knavish added that Morales’s agreement to remain in his role through mid-2026 will provide stability and ensure a smooth transition as the company identifies and onboards its next CFO. He concluded with personal gratitude, describing Morales as a trusted confidant, a strong business partner, and a cherished friend.
Reflecting on his upcoming retirement, Morales expressed pride in the company’s evolution and gratitude for the people he has worked alongside. “Over the past 40 years, I have been privileged to work with outstanding PPG employees, leaders, and Board members,” he said. Morales noted that he has witnessed the company undergo significant growth, diversification, and modernization.
He shared that contributing to PPG’s transformation into a global industry leader has been one of the most meaningful experiences of his career. As he prepares for retirement, Morales said he is confident that PPG is positioned to continue building on its recent momentum and capturing new opportunities in the years ahead.
In addition to his responsibilities at PPG, Morales maintains an active presence in the broader business and nonprofit communities. He currently serves on the board of directors of Teledyne Technologies Incorporated, a diversified industrial and technology company. Morales also contributes significantly to community initiatives in Western Pennsylvania, serving as board chair for the Boys & Girls Clubs of Western Pennsylvania, where he supports programs aimed at youth development and empowerment. His educational background includes a Bachelor of Science in accounting from Robert Morris University and a Master of Business Administration from The Ohio State University, credentials that laid the groundwork for his extensive career in corporate finance and leadership.
Morales’s professional journey at PPG began in 1985 when he joined the company’s Pittsburgh headquarters as a corporate controller. Early in his tenure, he advanced through a variety of finance and accounting roles that allowed him to develop a deep understanding of the company’s operations. His early assignments included serving as supervisor of shared accounting services at PPG’s Chillicothe, Ohio shared services center, and later as plant controller at the former PPG glass plant in Mount Zion, Illinois. These experiences gave Morales firsthand insight into both corporate and plant-level financial processes, shaping his approach to leadership and decision-making.
In 2000, Morales returned to Pittsburgh, taking on the role of manager of chemical revenue recognition before becoming director of internal financial reporting in 2001. Beginning in 2004, he led the company’s investor relations function—a position that placed him at the forefront of communication with shareholders, analysts, and the broader financial community.
His effectiveness in this role led to his election as vice president in 2007. Morales took on additional responsibility as corporate treasurer in 2015, overseeing capital structure, treasury operations, and financial risk management during a period of significant business activity. He was appointed vice president of finance in June 2016, and in March 2017 he stepped into his current role as senior vice president and chief financial officer.
As Morales prepares for the next chapter of his life, PPG will continue the succession process that ensures continuity in leadership and sustained execution of the company’s strategic vision. His legacy at PPG—defined by financial discipline, operational insight, relationship-building, and a deep commitment to the company’s mission—will remain part of the foundation on which PPG builds its future.
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