Chief Financial Officer Keith Nichols to step down at the end of June
January 15, 2014
The Supervisory Board of Akzo Nobel N.V. today announced that Keith Nichols,
Chief Financial Officer and member of the Board of Management, has decided to
step down at the end of June after eight highly successful years with the
company.
Keith will remain Chief Financial Officer and retain his position on the Board
until June 30, 2014. An international search for Keith's successor is being
undertaken and an appointment will be made in due course.
Chief Executive Officer Ton Büchner: "We thank Keith for his dedication and
commitment to AkzoNobel over the past eight years. He has played a major role in
the transformation of the company's portfolio, most notably in the exit of our
Pharmaceutical business and, since becoming CFO in 2008, has made an outstanding
contribution in driving financial discipline and functional excellence across
the company. We will miss Keith's valuable and insightful input as well as his
hard work and I know that I speak on behalf of all my colleagues in wishing him
well for the future."
Keith Nichols commented: "Making a decision like this is never easy but I leave
the company well placed to deliver its 2015 financial targets. I would like to
thank my colleagues throughout the company and wish them all the very best for
the future."
Karel Vuursteen, Chairman of the Supervisory Board, said: "On behalf of all my
Supervisory Board colleagues, I would like to thank Keith for the significant
contribution he has made to the company and wish him every success in his new
endeavours."
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AkzoNobel is a leading global paints 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
consistently ranked as one of the leaders in the area of sustainability. With
operations in more than 80 countries, our 50,000 people around the world are
committed to delivering leading products and technologies to meet the growing
demands of our fast-changing world.
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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
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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
Photo Keith Nichols:
http://hugin.info/130660/R/1754740/592314.jpg
AkzoNobel press release:
http://hugin.info/130660/R/1754740/592311.pdf
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Source: Akzo Nobel NV via GlobeNewswire
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