AkzoNobel announces Board changes
(Thomson Reuters ONE) -
March 1, 2012
AkzoNobel today announced a number of personnel changes in its governance
structure. Two new Supervisory Board members will be nominated for election by
shareholders at the 2012 Annual General Meeting of shareholders, while Rob
Frohn, Board of Management member responsible for Specialty Chemicals, will
leave the company. All changes will become effective on May 1, 2012.
Supervisory Board
The proposed two new Supervisory Board members are Sari Baldauf, currently non-
executive Chairman of the Board of Fortum Oyj and director at several other
companies, and Ben Verwaayen, currently CEO of Alcatel-Lucent. Sari Baldauf has
senior executive experience of building and running global businesses at Nokia
Corporation. She holds a number of prestigious non-executive positions,
including at Daimler AG, alongside her role at Fortum Oyi. Likewise, Ben
Verwaayen has many years' experience operating at the highest level of
successful international businesses, including as CEO of BT Group and as
Managing Director of KPN in the Netherlands.
In addition, Baroness Bottomley will step down from her position on the
Supervisory Board after having served the company as a Supervisory Board member
for 12 years. The departure will become effective on May 1, 2012.
Commenting on the changes, Supervisory Board Chairman Karel Vuursteen said: "I
would like to thank Virginia for her long service to our company and for her
many contributions. Her expertise in government, policy, business and economics
has been crucial in the strategic development of the company over recent years.
She has also offered invaluable advice as part of her role on the remuneration
and nomination committees. Looking forward, I am delighted that we have been
able to propose two such high-caliber people for the Supervisory Board. Together
with my colleagues, I'm looking forward to benefiting from their experience and
contributions."
Board of Management
The Supervisory Board and Rob Frohn, Board of Management member responsible for
Specialty Chemicals, have mutually agreed that Rob will step down from the Board
of Management with effect from May 1, 2012.
Rob Frohn has had an extensive and successful career at AkzoNobel since joining
the company in 1984. During his long tenure, he has held numerous positions
around the world including roles within the finance and control function, and
general management positions with Surface Chemistry, where he was appointed
General Manager in 2000. In 2004, Rob Frohn joined the Board of Management as
CFO, before assuming responsibility for the Specialty Chemicals business area in
May 2008.
Commenting on Rob Frohn's decision, CEO Hans Wijers said: "Naturally, I'm sad to
see Rob leave the company. He has made an outstanding contribution to all parts
of the business during a 28-year tenure at the company. We wish him all the best
for his future career."
Werner Fuhrmann, Executive Committee member responsible for Supply Chain and
Sourcing, will manage Specialty Chemicals until Rob's successor is identified.
- - -
AkzoNobel is the largest global paint and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are a
Global Fortune 500 company and are consistently ranked as one of the leaders in
the area of sustainability. With operations in more than 80 countries, our
55,000 people around the world are committed to excellence and delivering
Tomorrow's Answers Today(TM).
Not for publication - for more information
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor
Relations, tel. +31 20 502 7854
Contact: Tim van der Zanden Contacts: Jonathan
Atack and Ivar Smits
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1590355/499597.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1590355]
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Datum: 01.03.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 120400
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Kategorie:
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