indiana university ppg industries, inc. poop session 1/4/03
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Overview PPG – who we are
Program for Finance Undergrads
Developmental Goals of the Program
Characteristics of FLDs
Opportunities for FLDs
Specific Positions of FLDs
Career Paths of Individuals
PPG Is . . .
A global maker of coatings, flat glass, continuous-strand fiber glass, industrial and specialty chemicals
A company founded in 1883
More than 100 production facilities
PPG Is . . .
More than 35,000 people in21 countries
Based in Pittsburgh, Pa.
Owned by 100,000 shareholders, including 25,000 employees and retirees
PPG Is . . .
One of few publicly traded companies to pay its shareholders dividends continually since 1899
Composed of 15 strategic business units in four major product areas:– Coatings – Fiber Glass– Glass – Chemicals
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
Coatings
World’s leading producer of industrial coatings– used on thousands of applications
ranging from golf balls to refrigerators
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
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
Coatings
Maker of Olympic, Lucite, Pittsburgh and Porter brand paints/stains– among the most respected names
in the North American consumer finishes market
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
– are heated to reduce effects of fogand frost
– can darken to reduce glare– can display instrument readings
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
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
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
Chemicals
One of the world’s largest producers of phosgene derivatives– used in pharmaceutical
intermediates, organic peroxides, agricultural chemicals, artificial sweeteners, other custom-manufactured products
Chemicals
A leader in the production of chlor-alkali chemicals– used in plastics, water purification,
pulp/paper manufacturing, oil drilling, aluminum production
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
Global Sales &Operating Income
Glass27%
Chemicals19%
Coatings54%
Chemicals10%
Glass2
30%
Coatings1
60%
1 Includes pre-tax charges of $41 million for integration of packaging acquisition and cost reduction efforts.
2 Includes pre-tax restructuring and one-time costsof $6 million related to PPG Auto Glass.
2001
Sales Operating Income
Financial Results
2001Total Sales – $8.2 Billion
Coatings$4.5 billion
Chemicals$1.5 billion
Glass$2.2 billion
PPG Global Operations
Australia • Argentina • Belgium • Brazil • Canada • China • England • France • GermanyIreland • Italy • Japan • Mexico • Netherlands • Philippines • South Korea • Spain
Taiwan • Thailand • Turkey • United States • Venezuela
FLD Program
Broad Finance Opportunities
Actual Job
1st – 12 months then (2-3yrs)
Ownership of Career
Promote / Reward Performance
Diversity of Assignments
OTJ Training
Developmental 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
Leadership Skills
Adaptability
Effective Communication Skills
Strong Analytical Skills
Ability to Learn Quickly
Geographic Flexibility
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:Position Description:
Complete a variety of SBU Complete a variety of SBU specific accounting/reporting specific accounting/reporting activities including consolidation activities including consolidation accounting/reporting, PPG long accounting/reporting, PPG long range plan data gathering & range plan data gathering & assimilation, and oversight for assimilation, and oversight for macro SBU accounting items.macro SBU accounting items.
Ensure application of appropriate Ensure application of appropriate FASB/GAAP accounting FASB/GAAP accounting principlesprinciples
Financial Accountant -Controller’s Staff
Ongoing interaction with various SBU, Corporate, and international PPG functions
Skills and Success Factors:Skills and Success Factors:
Solid PC Skills
Attention to Detail
Business Knowledge
Account Analysis
Financial Accountant -Controller’s Staff
Skills and Success Factors:Skills and Success Factors:
Financial Analysis
Technical Accounting Skills
Other Information:Other Information:
General Office
Indirect Supervision of Clerical Staff
Travel is <10%
Staff Assistant Auditor / Staff Auditor
Position Description:Position Description:
Assist Senior Auditor in performing all Assist Senior Auditor in performing all fieldwork at an audit location. fieldwork at an audit location. Fieldwork can include some of Fieldwork can include some of planning of the audit, identifying key planning of the audit, identifying key transactions and risks at the unit, transactions and risks at the unit, ensuring that the unit has proper ensuring that the unit has proper internal controls in place to address internal controls in place to address the identified risks, and testing the the identified risks, and testing the unit’s internal controls to ensure that unit’s internal controls to ensure that they are functioning properly.they are functioning properly.
Staff Assistant Auditor / Staff Auditor
Position Description:Position Description:
Assist with discussion and Assist with discussion and communication of all findings to communication of all findings to various levels of PPG management.various levels of PPG management.
Perform various ad hoc projects, as Perform various ad hoc projects, as requested by Audit Managers.requested by Audit Managers.
Skills and Success Factors:Skills and Success Factors:
Communicate & Share Information
Learn Continuously
Size up Situations
Staff Assistant Auditor / Staff Auditor
Skills and Success Factors:Skills and Success Factors:
Foreign language proficiency
Internal controls
Technical accounting skills
Other Information:Other Information:
Based out of General Office; audits performed at any PPG location worldwide
Travel is 50-75%
Credit Rep./Collection Specialist/Credit Mgr.
Position Description:Position Description:
Optimize customer collections.Optimize customer collections.
Minimize credit risk for a group of Minimize credit risk for a group of customers belonging to one or customers belonging to one or several PPG SBU’s.several PPG SBU’s.
Understand customer financial Understand customer financial information and make business information and make business decisions based on the risk to PPG.decisions based on the risk to PPG.
Establish and maintain appropriate Establish and maintain appropriate credit limits.credit limits.
Credit Rep./Collection Specialist/Credit Mgr.
Skills and Success Factors:Skills and Success Factors:
Communicate & Share Information
Focus on Results
Promote Teamwork
Business negotiations
Financial analysis
PC Skills
Credit Rep./Collection Specialist/Credit Mgr.
Other Information:Other Information:
General Office and other PPG locations
Travel is 10%
Revenue/Sales Accountant
Position Description:Position Description:
Ensure timely and accurate accounting Ensure timely and accurate accounting relating to PPG revenue stream. relating to PPG revenue stream. Participate in development and Participate in development and maintenance of various SBU specific maintenance of various SBU specific revenue reporting mechanisms.revenue reporting mechanisms.
Identify and pursue opportunities to Identify and pursue opportunities to maximize PPG cash flow. Maintain maximize PPG cash flow. Maintain appropriate internal control environment.appropriate internal control environment.
Ongoing interaction with SBU Marketing, Ongoing interaction with SBU Marketing, Sales and Logistics functions.Sales and Logistics functions.
Revenue/Sales Accountant
Skills and Success Factors:Skills and Success Factors:
Attend to Detail
Communicate & Share Information
Solve Problems
Account Analysis
Internal controls
PC Skills
Revenue/Sales Accountant
Other Information:Other Information:
General Office and select plant locations,
Supervision of non-exempt personnel
Travel is <10%
Administrative Services Analyst
Position Description:Position Description:
Participation in the monthly closing Participation in the monthly closing process; developing various process; developing various accounting applications/procedures accounting applications/procedures to reduce cycle time and costs.to reduce cycle time and costs.
Maintain appropriate internal control Maintain appropriate internal control environment.environment.
Various project assignments.Various project assignments.
Need solid PC SkillsNeed solid PC Skills
Administrative Services Analyst
Skills and Success Factors:Skills and Success Factors:
Communicate & Share Information
Drive Change
Focus on Results
Account analysis
Internal Controls
Project management
Other Information:Other Information:
Chillicothe or other shared services location
Indirect Supervision of Non-exempt personnel
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 – PR. – Pittsburgh, PA – Financial/Business Planning Analyst (Packaging Coatings)
Travis Perry - IU ‘97
1997 – Cleveland, OH – Staff/Cost Accountant (Auto Coatings)
1998 – Pinellas Park, FL – Cost Analyst (Transitions Optical)
2000 – PR. - Louisville, KY & Batavia, IL-Finance/Admin./Acct.(Olympic Stain,Lucite and Pittsburgh Paints)
Christine Camsuzou – ‘86
Paris and Pittsburgh – Internal Auditor
Tlanepantla, Mexico – Asst. Fin. Director
Torrance, CA – Cost Accountant
Ladywood, UK – Mgr. Financial Reporting
San Juan del Rio, Mexico – Fin. Director
Pittsburgh – Manager Strategic Development
Arville, France – Integration Manager
Pittsburgh – General Credit Manager
Pittsburgh – V.P. Quality Initiatives
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