Rejoins PPG as President, CEO, Auto Glass and Services
Pittsburgh-based PPG Industries today announced that Frank A.
Archinaco has rejoined the company as president and chief executive
officer of the company's auto glass and services businesses.
"Frank's deep experience in the automotive glass business will
serve us well as we continue to explore strategic alternatives for
this business," says Charles E. Bunch, PPG chairman and chief executive
Archinaco was appointed vice president, automotive original equipment
manufacture (OEM) glass, in 1986; assumed responsibility for PPG's
total glass business in 1994; and was elected executive vice president
in 1997. He retired from PPG as executive vice president for glass
and chemicals in 2002.
Last week, PPG announced it had been notified that affiliates of
Platinum Equity, Beverly Hills, Calif., intended to terminate, after
Dec. 31, 2007, their contract under which they agreed to purchase
PPG's automotive OEM glass and automotive replacement glass (ARG)
and services businesses. PPG stated that, in the event the transaction
does not close with the Platinum group, it would continue to explore
divestiture, restructuring and other strategic alternatives for
the automotive OEM and ARG and services businesses with the goal
of maximizing shareholder value.
HERE for an exclusive interview with Archinaco from the March/April
2002 issue of AGRR. (Scroll down to sixth story.)
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