PPG Industries, Inc.
Indiana University
SCOOPS
September 20th, 2005
Overview
• PPG – do you know who we are?
• Financial Leadership Program
• Characteristics of FLDs
• Opportunities/Positions for FLDs
• Specific Career Paths
PPG – Who Are We?
• Mutation of P&G – Sorry, but No!
• Points per Game – Nope!
• Pittsburgh Plate Glass – Used to be!
• Power Play Goal – Nah…
PPG
• Global producer of Glass, Fiberglass,
Coatings, and Chemicals
• HQed in Pittsburgh, PA
• 30,000+ Employees Worldwide
• 100+ Manufacturing Facilities
• 21 Different Countries
PPG
• Composed of 15 SBUs
• Continuous dividends since 1899
• Over 100,000 shareholders of which
25,000 are current or retired PPG
employees
• Grouped into Glass, Fiberglass,
Coatings and Chemicals
PPG Global Operations
Australia • Argentina • Belgium • Brazil • Canada • China • England • France • Germany
Ireland • Italy • Japan • Mexico • Netherlands • Philippines • South Korea • Spain
Taiwan • Thailand • Turkey • United States • Venezuela
PPG-Financial Results
Chemicals
Glass
Coatings
2004
Total Sales – $9.5 Billion
PPG-Global Sales &
Operating Income
Sales
Operating Income
Chemicals
23%
Chemicals
20%
Glass
25%
Coatings
55%
Glass
7%
2004
Coatings
70%
PPG - Coatings
• World’s No. 1 producer of
transportation coatings
– Two of every three new cars on the
road today contain PPG coatings
– PPG’s color palette includes more than
60,000 colors covering virtually every
vehicle model manufactured over the
past 60 years
PPG - Coatings
• World’s leading producer of industrial
coatings
– Used on thousands of applications
ranging from golf balls to refrigerators
PPG - Coatings
• A world leader in packaging coatings
technology
– Its Bairocade coating, which seals
carbonation inside plastic beverage
containers, was recognized by R&D
Magazine as one of the top
technological breakthroughs of 1997
PPG - Coatings
• A leading supplier of coatings and
sealants to the world’s commercial,
military and general aircraft
industries
– Sealants, coatings used on satellites,
missiles and space telescopes
– Sealants used on NASA’s space shuttle
solid rocket boosters
PPG - Coatings
• Maker of Olympic, Lucite, Pittsburgh
and Porter brand paints/stains
– Among the most respected names in
the North American consumer finishes
market
PPG - Glass
• World’s leader in production of
windows for commercial, military and
general aviation aircraft. PPG
aircraft transparencies:
– Seal in cabin pressure, protect pilots
from airborne hazards
– Heated to reduce effects of fog
and frost
– Can darken to reduce glare
– Can display instrument readings
PPG - Glass
• One of the world’s largest
manufacturers of flat glass
– Fabricated into a wide assortment of
finished products for homes,
commercial buildings, aircraft, furniture
and motor vehicles
PPG - Glass
• One of the world’s largest makers of
original and replacement automotive
glass
– Tinted, coated, heat-absorbing glass
improves comfort, reduces load on air
conditioners
– Full line of replacement glass parts for
vehicles dating back to 1949
PPG – Fiber Glass
• Producer of continuous-strand fiber
glass used for a variety of purposes
– Including electronic circuit boards,
recreational boat hulls, tub and shower
units
PPG - Chemicals
• Producer of specialty chemicals
– Including optical products, silicas, fine
chemicals
• A leader in the production of chloralkali chemicals
– Used in plastics, water purification,
pulp/paper manufacturing, oil drilling,
aluminum production
PPG - Chemicals
• Developer of Transitions – one of the
world’s fastest-growing optical
businesses
– Plastic photochromic lenses
automatically darken and lighten
depending upon exposure to sunlight
Finance at PPG
Financial Leadership
Development Program
(FLD)
FLD Program
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Broad Finance Opportunities
Actual Job
1st ~ 18 mos; then 2-3 yrs
Ownership of Career
Promote / Reward Performance
Diversity of Assignments
OTJ Training
Development Goals
• Build broad skills and experience in a
variety of financial disciplines
• Provide insight into the complexity of
managing financial problems in a global
economy
• Develop planning, control, and
management skills needed to achieve
PPG’s Goals
• Provide successors for financial
management opportunities
FLD Characteristics
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Leadership Skills
Adaptability
Effective Communication Skills
Strong Analytical Skills
Ability to Learn Quickly
Geographic Flexibility
GPA >= 3.2 on 4.0 scale
Majors: Accounting, Finance, Economics, and
Management Studies
– Must have at least 2 terms of accounting
Functional Opportunities
• Managerial Accounting
– Financial Analysis, Long-Range Planning, Capital
Budgeting
• Financial Accounting
– Inventory Control, A/P, A/R, Payroll, Costing
• Internal Auditing
– Internal Controls, Asset Verification, Frequent Travel,
Can Satisfy Experience for CPA
• Treasury
– Cash Management, Debt/Equity Financing Issues,
Credit Management
• Tax Administration
Financial Accountant- Controller’s Staff
Position Description:
• Complete a variety of SBU specific
accounting/reporting activities including
consolidation accounting/reporting, PPG
long range plan data gathering &
assimilation, and oversight for macro SBU
accounting items.
• Ensure application of appropriate
FASB/GAAP accounting principles
Financial Accountant- Con’t
• Ongoing interaction with various
SBU, Corporate, and international
PPG functions
Skills and Success Factors:
• Solid PC Skills
• Attention to Detail
• Business Knowledge
• Account Analysis
Financial Accountant- Con’t
Skills and Success Factors:
• Financial Analysis
• Technical Accounting Skills
Other Information:
• General Office
• Indirect Supervision of Clerical Staff
• Travel is <10%
Staff Auditor
Position Description:
• Assist Senior Auditor in performing all
fieldwork at an audit location. Fieldwork
can include some of planning of the audit,
identifying key transactions and risks at
the unit, ensuring that the unit has proper
internal controls in place to address the
identified risks, and testing the unit’s
internal controls to ensure that they are
functioning properly.
Staff Auditor – Con’t
Position Description:
• Assist with discussion and communication
of all findings to various levels of PPG
management.
• Perform various ad hoc projects, as
requested by Audit Managers.
Skills and Success Factors:
• Communicate & Share Information
• Learn Continuously
• Size up Situations
Staff Auditor – Con’t
Skills and Success Factors:
• Foreign language proficiency
• Internal controls
• Technical accounting skills
Other Information:
• Based out of General Office; audits
performed at any PPG location worldwide
• Travel is 50-75%
Staff Auditor – Con’t
Daily Duties:
• Interview different associates who
perform different functions
• Data analysis and transactional
testing is done to verify internal
controls are in place and functioning
properly
• Document the process and testing
performed
Revenue/Sales Accountant
Position Description:
• Ensure timely and accurate accounting
relating to PPG revenue stream.
Participate in development and
maintenance of various SBU specific
revenue reporting mechanisms.
• Identify and pursue opportunities to
maximize PPG cash flow. Maintain
appropriate internal control environment.
• Ongoing interaction with SBU Marketing,
Sales and Logistics functions.
Revenue/Sales Accountant
Skills and Success Factors:
• Attend to Detail
• Communicate & Share Information
• Solve Problems
• Account Analysis
• Internal controls
• PC Skills
Revenue/Sales Accountant
Other Information:
• General Office and select plant
locations,
• Supervision of non-exempt
personnel
• Travel is <10%
Dan Lemansky - IU ‘97
• 1997 - Oak Creek, WI – FLD Trainee (Industrial
Coatings)
• 1998 – Oak Creek, WI – Staff Accountant
(Industrial Coatings)
• 1999 – 2000 – Oak Creek, WI – Cost Accountant
/ MBA – Marquette University (Industrial
Coatings)
• 2001 – 2003 – Pittsburgh, PA –
Financial/Business Planning Analyst (Packaging
Coatings)
• 2004 – Present – Pittsburgh, PA – Accounting
Manager (Architectural Coatings)
Mark Guenthenspberger - IU ‘94
• Staff Accountant
Chlor-Alkali SBU; Lake Charles, LA
• Financial Accountant
Chlor-Alkali SBU; Pittsburgh, PA
• Sr. Cost Analyst
Chlor-Alkali SBU; Natrium, WV
• Financial Project Coordinator
Coatings Controllership; Pittsburgh, PA
• Financial Analyst
TrueFinishTM Industrial Coatings; Pittsburgh, PA
• Manager, Credit Services
Architectural SBU; Louisville, KY
PPG
Visit our website at:
www.ppg.com