AkzoNobel announces new structure for Executive Committee
25 Juli 2017 - 7:03AM
July 25, 2017
AkzoNobel today announces a new structure for its Executive
Committee. This change is designed to drive operational excellence,
increase customer focus, and build further momentum and speed into
the organization.
In the new Executive Committee the following roles will
continue:
- Chief Executive Officer (Thierry Vanlancker)
- Chief Financial Officer (Maëlys Castella)
- General Counsel (Sven Dumoulin)
- Chief Human Resources Officer (Marten Booisma)
Changes to the Executive Committee following the new set-up:
- Chief Operating Officer (Ruud Joosten, former head of
Decorative Paints)
- Integrated Supply Chain Leader (David Allen, elevated to
Executive Committee)
- In addition, Werner Fuhrmann will return to AkzoNobel in the
role of head of Specialty Chemicals
Effective immediately, Ruud Joosten is named Chief Operating
Officer (COO) Paints & Coatings. Working closely with CEO
Thierry Vanlancker, the COO will lead the Performance Coatings and
Decorative Paints businesses. He will be responsible for
accelerating growth, the execution of the company's strategy, and
the performance to deliver on the agreed targets.
In addition, the direct responsibility for the Paints &
Coatings operations - including all manufacturing, supply chain and
logistics, site management, health & safety (HSE&S), and
procurement will now fall under the responsibility of the
Integrated Supply Chain Leader, David Allen.
Thierry Vanlancker, CEO, commented:
"We aim to build on the successful foundation of operational
excellence that AkzoNobel has laid over the past years. With Ruud
Joosten stepping up as our new COO and David Allen joining our
Executive Committee in the role of Integrated Supply Chain Leader,
this new Executive Committee will be faster to drive integrated
business planning and quick decision making. It will also enable
optimal alignment between business needs and operational and supply
chain delivery."
"I am also delighted to welcome Werner Fuhrmann back to head up
Specialty Chemicals and lead on the separation. His unique
knowledge of the company and industry experience, having worked for
almost 40 years at AkzoNobel, including running the Specialty
Chemicals Business prior to my joining last year, make him an ideal
person to lead the separation. It's great to have him back on
board."
The Supervisory Board has designated Mr Vanlancker as
CEO/Chairman of the Board of Management, with full power and
authority as a member of the Board of Management, in accordance
with the articles of association of Akzo Nobel N.V. which provides
for such designation until formal CEO appointment by
shareholders.
- - -
About AkzoNobelAkzoNobel 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.
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Safe Harbor StatementThis 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.
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