AkzoNobel appoints Ton Büchner as new CEO
(Thomson Reuters ONE) -
April 23, 2012
At today's Annual General Meeting (AGM), shareholders of Akzo Nobel N.V.
(AkzoNobel) approved the company's 2011 financial statements and agreed that the
2011 financial year dividend would be ?1.45 (2010: ?1.40) per common share. An
interim dividend of ?0.33 was paid in November 2011, which means the final
payment will be ?1.12 per share.
The final dividend will be paid on May 24, 2012. Under the conditions to be
published by the company and at the shareholder's election, this dividend will
be paid either in cash or in stock. The AkzoNobel shares will be traded ex-
dividend on Euronext Amsterdam as of April 25, 2012. The record date is April
27, 2012.
Board of Management appointment and reappointments
Ton Büchner was appointed as member of the Board of Management by the
shareholders and was duly appointed as CEO by the Supervisory Board. At the same
time, Hans Wijers stepped down from his position as CEO and member of the Board
of Management. The AGM thanked Mr. Wijers for his long and successful tenure at
AkzoNobel, transforming the former conglomerate into the world's largest
coatings and specialty chemicals company.
Keith Nichols was reappointed to the Board of Management for another four-year
term, and Leif Darner - who will reach the regular retirement age for Board of
Management members in 2014 - was reappointed for a two-year term.
Rob Frohn stepped down from the Board of Management effective May 1, 2012. The
AGM thanked Mr. Frohn for his extensive and successful 28-year career with
AkzoNobel.
Supervisory Board appointments and reappointments
Dolf van den Brink and Peter Ellwood were reappointed to the Supervisory Board
for further four-year terms. In addition, Sari Baldauf and Ben Verwaayen were
appointed to the Supervisory Board for four-year terms.
Having reached the maximum 12-year tenure as member of the Supervisory Board,
Virginia Bottomley stepped down. The AGM thanked Baroness Bottomley for her
contributions to the company.
Amendments to the Articles of Association
The proposal to amend the Articles of Association to align them with changes in
Dutch legislation was approved.
Further information about the amendments is available on the company's website.
- - -
AkzoNobel is the largest 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 Paint and Eka. With our headquarters in Amsterdam, the
Netherlands, we are a Global Fortune 500 company and are consistently ranked as
one of the leaders on the Dow Jones Sustainability Indexes. With operations in
more than 80 countries, our 55,000 people around the world are committed to
excellence and delivering Tomorrow's Answers Today(TM).
Not for publication - for more information
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor
Relations, tel. +31 20 502 7856
Contact: Tim van der Zanden Contact: Jonathan
Atack, Ivar Smits
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1604965/508012.pdf
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originality of the information contained therein.
Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1604965]
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Datum: 23.04.2012 - 10:41 Uhr
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