AkzoNobel CEO Ton Büchner steps down with immediate effect
(Thomson Reuters ONE) -
July 19, 2017
Thierry Vanlancker announced as new CEO of AkzoNobel
AkzoNobel announces today that Chief Executive Ton Büchner steps down with
immediate effect due to health reasons. The company has announced Thierry
Vanlancker as the new CEO.
Ton joined AkzoNobel in 2012 and has been responsible for significantly
improving the performance of the company, increasing profitability and cash flow
to record levels.
He put in place a solid operational and financial foundation, which enabled the
company to recently announce the creation of two focused high performing
businesses; Paints and Coatings and Specialty Chemicals.
Thierry was most recently head of Specialty Chemicals at AkzoNobel, having
joined the company in 2016. A Belgian national, prior to joining AkzoNobel he
was President - Fluoroproducts for Chemours, the spin-off company of DuPont's
chemical businesses formed in 2015.
Antony Burgmans, Chairman of the Supervisory Board, commented:
"It is with great regret that Ton is stepping down due to health reasons. He has
been an outstanding leader for AkzoNobel, transforming the company and setting
it up for future success. His focus on delivering for our customers and
operational excellence has driven profitability to record levels, increasing
returns to shareholders.
''His passion for the business and personal commitment has helped create a
strong culture across the company. He will be greatly missed in the Boardroom
and by many colleagues of AkzoNobel around the world. I wish Ton well and hope
he is now able to focus fully on his own health.
''AkzoNobel remains focused on delivering for our customers every day. In
Thierry Vanlancker we have an outstanding executive who is well placed to
continue building momentum for the company. This includes the creation of two
focused businesses, delivering sustainable growth and profitability.
''His extensive experience in the chemicals and coatings industry gives him a
unique perspective and I look forward to continuing to work with him in his new
role as CEO."
Ton Büchner, commented:
"It was a privilege to work for AkzoNobel and I am extremely proud of all the
achievements the team delivered during my five years at the company. AkzoNobel
is full of highly engaged, talented and passionate people who deliver every day
for our customers and I want to thank all of them for their contribution and
support over the years.
''Our commitment to value creation, sustainability, innovation and the
communities in which we operate is a major driver of our success.
"Thierry Vanlancker is a great addition to the team and is well placed to take
AkzoNobel forward, delivering long term value creation for all stakeholders. I
wish Thierry all the best.
"For me this was an extraordinarily difficult decision to make but my focus must
now be on my health."
Thierry joined DuPont in 1988 and held a number of senior positions both in
Europe and the US, including Vice-President Performance Coatings and Business
Manager of Refinish Systems across Europe, Middle East and Africa.
A successor for the Head of Specialty Chemicals will be announced in due course.
- - -
About AkzoNobel
AkzoNobel creates everyday essentials to make people's lives more liveable and
inspiring. As a leading global paints and coatings company and a major producer
of specialty chemicals, we supply essential ingredients, essential protection
and essential color to industries and consumers worldwide. Backed by a
pioneering heritage, our innovative products and sustainable technologies are
designed to meet the growing demands of our fast-changing planet, while making
life easier. Headquartered in Amsterdam, the Netherlands, we have approximately
46,000 people in around 80 countries, while our portfolio includes well-known
brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently
ranked as a leader in sustainability, we are dedicated to energizing cities and
communities while creating a protected, colorful world where life is improved by
what we do.
Not for publication - for more information
AkzoNobel Media Relations AkzoNobel Investor Relations
T: +31 (0)88 969 7833 T +31 (0)88 969 7590
Contact: Diana Abrahams Contact: Lloyd Midwinter
Safe Harbor Statement
This press release contains statements which address key issues such as
AkzoNobel's growth strategy, future financial results, market positions, product
development, products in the pipeline and product approvals. Such statements
should be carefully considered, and it should be understood that many factors
could cause forecasted and actual results to differ from these statements. These
factors include, but are not limited to, price fluctuations, currency
fluctuations, developments in raw material and personnel costs, pensions,
physical and environmental risks, legal issues, and legislative, fiscal, and
other regulatory measures. Stated competitive positions are based on management
estimates supported by information provided by specialized external agencies.
For a more comprehensive discussion of the risk factors affecting our business
please see our latest annual report, a copy of which can be found on our
website: www.akzonobel.com.
Image 1 Ton Buchner:
http://hugin.info/130660/R/2121250/808273.jpg
PDF Media Release:
http://hugin.info/130660/R/2121250/808272.pdf
Image 2 Thierry Vanlancker:
http://hugin.info/130660/R/2121250/808274.jpg
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AkzoNobel NV via GlobeNewswire
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Datum: 19.07.2017 - 07:00 Uhr
Sprache: Deutsch
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"AkzoNobel CEO Ton Büchner steps down with immediate effect"
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