Victoria M. Holt Resigns as PPG's Senior
Vice President, Glass and Fiber Glass; Joins Spartech Corporation
as President & Chief Executive Officer
September 9, 2010
Victoria M. Holt, who served as senior vice president, glass and fiber glass for PPG Industries, has resigned from the company, effective immediately, and has been appointed president and chief executive for St. Louis-based Spartech Corp., a producer of plastic sheet, compounds, and packaging products. Holt’s direct reports at PPG will now report to J. Rich Alexander, PPG executive vice president, performance coatings, on an interim basis. Gary Danowski remains as vice president in charge of the performance glazings business unit.
Holt, 52, joined PPG in 2003 as vice president, fiber glass, and was promoted to senior vice president, glass and fiber glass, in May 2005. In her most recent position, Holt was responsible for the company’s fiber glass and performance glazings businesses. Prior to joining PPG Holt served as president and general manager of Solutia Inc.’s performance films division.
Holt has been a member of the Spartech board of directors since April 2005. On the board of directors, she served as the chairman of the Sustainability Committee and a member of both the Compensation and Governance Committees. She is also member of the board of trustees at the Phipps Conservatory and Botanical Gardens. She has a chemistry degree from Duke University and a masters of business administration from Pace University.
"Spartech has a strong financial foundation and I am honored to join the outstanding Spartech management team. In my role as a Spartech director, I have gained familiarity with the management group and the organization," said Holt in a Spartech announcement. "Spartech has strong, diverse end market positions, a broad product portfolio, market-leading product development, a solid balance sheet and opportunities for growth to significantly expand its customer base and drive further value to our shareholders."
According to a September 30, 2007, article that ran in the Pittsburgh Post Gazette, Holt was the highest ranking female executive at PPG Industries.
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