AXTA - Axalta names Villavarayan as new President and CEO

Axalta Coating Systems ( NYSE: AXTA ) said Wednesday it appointed Chris Villavarayan as its new President and CEO and a member of the company's, effective January 1.

Rakesh Sachdev, who has served as interim CEO and President, will succeed Bill Cook as non-executive Board Chair.

Villavarayan most recently, he served as CEO and President of Meritor Inc., a maker of commercial vehicle drivetrains and engineered systems with OEM and aftermarket customers.

Former president and CEO Robert Bryan departed the company last August .

Axalta Coating ( AXTA ) shares look undervalued on relatively modest growth and margin assumptions, but the company is a 'show-me' story, Stephen Simpson writes in an analysis published on Seeking Alpha .

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