PITTSBURGH, Sept. 18, 2009 – PPG Industries (NYSE: PPG) announced today that Senior Vice President, Finance, and Chief Financial Officer William H. Hernandez was recognized as one of “America’s Best CFOs” by Institutional Investor magazine during a ceremony Monday evening in Washington, D.C. This is the fourth time since 2005 Hernandez has been recognized with this distinction.
The “America’s Best CFO” rankings from Institutional Investor identify the top finance directors in the country based on the results of an exclusive survey. Nearly 650 investment professionals at more than 350 of the world’s most influential money management firms provided survey responses, according to the magazine.
“PPG benefits from a reputation for strong management of financial fundamentals resulting in overall financial strength, and Bill has played a significant role in earning this recognition,” said Charles E. Bunch, PPG chairman and CEO. “We have been very fortunate to have a person of Bill’s caliber fill this key role during a period of dramatic changes in our company and in the global economy. Others’ recognition of Bill’s leadership is a strong testimony to his legacy at PPG.”
PPG announced in May that Hernandez planned to retire, and on Sept. 1, PPG announced that he will continue as PPG’s CFO until Oct. 15, when he will be succeeded by Robert J. Dellinger, who is currently PPG senior vice president, finance, and CFO designate.
Hernandez joined PPG as controller in 1990 and was named vice president and controller in 1994. He was elected to his current position in 1995. Prior to joining PPG, Hernandez was CFO at BorgWarner Automotive. He serves on the board of directors of Eastman Kodak and also has provided leadership for numerous professional and civic organizations.
About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass. The company has more than 140 manufacturing facilities and equity affiliates and operates in more than 60 countries. Sales in 2008 were $15.8 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit
Source: PPGAuthor: shangyi
