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PPG CFO Recognized as One of Nation's Best (posted 9/28/09)

September 28, 2009
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William H. Hernandez, senior VP of Finance and CFO, was recognized as one of America’s Best CFOs by Institutional Investor.

PPG Industries recently announced that William H. Hernandez, senior vice president of Finance and chief financial officer (CFO), was recognized as one of America’s Best CFOs by Institutional Investor magazine. This is the fourth time since 2005 that Hernandez has been recognized with this distinction.

The America’s Best CFO rankings identify the top finance directors in the country based on the results of an exclusive survey. According to the magazine, nearly 650 investment professionals at more than 350 of the world’s most influential money management firms provided survey responses.

“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; he will continue as PPG’s CFO until October 15, when he will be succeeded by Robert J. Dellinger, who is currently PPG’s senior vice president of 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 has also provided leadership for numerous professional and civic organizations.

For more information, visit www.ppg.com.

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