Coatings Industry News

Main News Page


Breaking: AkzoNobel's Buchner Steps Down

Wednesday, July 19, 2017

Comment | More

Global paint and coatings firm AkzoNobel (Amsterdam) announced Wednesday morning (July 19) that CEO Ton Büchner has stepped down immediately, citing health reasons.

Büchner, chief executive of AkzoNobel since 2012, helmed the company through this year's merger proposals from PPG Industries (Pittsburgh), during which AkzoNobel resisted attempts to merge, and revealed a new plan to split its Specialty Chemicals business off into a separate entity.

Ton Buchner
AkzoNobel

Former AkzoNobel CEO Ton Büchner, who resigned July 19 for health reasons.

According to AkzoNobel, Thierry Vanlancker, head of the company's Specialty Chemicals business, will take over as CEO of the firm effective immediately. Vanlancker has led AkzoNobel Specialty Chemicals since 2016; he previously was employed by DuPont and DuPont spinoff Chemours.

"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," Büchner said in a statement. "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.

"For me this was an extraordinarily difficult decision to make but my focus must now be on my health."

AkzoNobel reported 14.2 billion euros in revenue in 2016; the Dutch firm was the world's second-largest coatings company, after PPG, last year, prior to the Sherwin-Williams Company acquisition of Valspar.

More detail on this breaking story will appear in Thursday's PaintSquare Daily News.

   

Tagged categories: AkzoNobel; AS; Asia Pacific; EMEA (Europe, Middle East and Africa); EU; Latin America; NA; North America; Personnel; Personnel changes; Program/Project Management; SA; Ton Buchner

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
KTA-Tator, Inc. - Corporate Office

 
Fischer Technology Inc.

 
Sidewinder/Persyst Enterprises, Inc.

 
DeFelsko Corporation

 
Modern Safety Techniques

 
NLB Corporation

 
AWWA (American Water Works Association)

 
ABKaelin, LLC

 
SAFE Systems, Inc.

 
WEFTEC Show

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us