PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

Sherwin-Williams


Coatings Industry News

Main News Page


AkzoNobel Approves New Board Chair

Monday, April 30, 2018

Comment | More

At its Annual General Meeting Thursday (April 26), global coatings manufacturer AkzoNobel approved the appointment of Nils Andersen to its Supervisory Board in the role of chair, replacing Antony Burgmans, stepping down this year at the end of his third term.

The Chairman Position

Burgmans announced that he would be stepping down last July. While three terms is the typical limit for Chairman, Burgmans had hinted in the past that he would try to circumvent the limit if necessary.

Nils Andersen
A.P. Møller – Mærsk A/S, CC-BA-SS 3.0, via Wikimedia Commons

Nils Andersen was appointed to AkzoNobel's Supervisory Board and as successor to Chairman Antony Burgmans, who is stepping down after serving three terms.

The last year of his tenure was embroiled in dramatic back-and-forth merger talks with fellow coatings giant PPG (Pittsburgh). Burgmans played a controversial role in the talks and, at one point, an activist hedge fund that was in favor of the deal pushed to have Burgmans ousted as chair.

Following the official announcement, a monthslong hunt for Burgman’s replacement ended in March, when the board announced the nomination of Andersen, pending his approval at the AGM.

“We are very pleased to nominate Nils Andersen,” said Byron Grote, Deputy Chairman, at the time. “He has a wealth of relevant experience gained during an extensive international career in the consumer goods, energy and shipping industries. Nils will bring this broad business insight to the Supervisory Board as AkzoNobel becomes a focused, high-performing Paints and Coatings company.”

According to AkzoNobel, Andersen is the Non-Executive Director at BP and Unilever, where he serves on both companies’ audit committees. Previously, Andersen had also served as Group Chief Executive of A.P. Møller – Maersk from 2007 until 2016. Earlier in his career, he also acted as President and Chief Executive Officer of Carlsberg and Carlsberg Breweries.

“We thank Antony Burgmans for his commitment over the past 12 years, both as a member and as the Chairman of the Supervisory Board,” said Grote. “His experience and professional expertise have benefited the company. He has played an essential role in the transformation of AkzoNobel into a focused Paints and Coatings company. We wish him well in all of his future activities.”

Other AGM Notes

In addition to Andersen’s appointment, Grote was reappointed as a member of the Supervisory Board and has also been reappointed for a second four-year term as Deputy Chairman.

The Board also adopted the company’s 2017 financial statements and agreed on the current dividend policy and total dividend per share for 2017 (2.50 euros, up 52 percent).

   

Tagged categories: AkzoNobel; Business matters; Personnel; Personnel changes

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Carboline Company
 
New product: Carbozinc® 608 HB
 
Introducing a new high build zinc-rich primer that can save you time and money by eliminating the epoxy intermediate coat!
 

 
Novatek Corporation
 
Dustless Coatings Removal
 
Novatek Corporation, Dustless Coatings Removal Strip, clean and profile all dust free! Comply with new lead standards. Contact today: (866) 563-7800 www.Novatekco.com
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
HoldTight Solutions Inc.
 
Full Surface Protection for Up to One Year
 
HT 365 is a preservation, single component, anti-corrosive coating, a water displacing agent, a lubricant, and a penetrating fluid. It creates an imperceptible thin-film coating that offers excellent salt contaminant and humidity protection. Contact your HoldTight® representative or visit Holdtight.com for more information.
 

 
Fischer Technology Inc.
 
Maximize Profits by Monitoring Coating Thickness
 
Learn more by contacting Fischer Technology today: 1.860.683.0781
 

 
ARC / A.W. Chesterton Company
 
Erosion Resistant Coating
 
It’s high gloss low drag, abrasion resistant surface extends equipment life, improves material flow, enhances equipment efficiency, and reduces downtime.
 

 
 
 

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

Durability + Design 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