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AkzoNobel today announced the appointment of Marten Booisma as the company’s new Executive Committee Member responsible for Human Resources. He will officially take up the position of Chief Human Resource Officer on October 1st.
Akzo Nobel N.V. (AkzoNobel) today reported a 7 percent revenue decrease in the first quarter compared with the same period last year. This was due to weak demand in European markets and divestments. Operating income for Q1 was 8 percent lower at €217 million. The acceleration of AkzoNobel’s performance improvement program is progressing toward achieving the full EBITDA benefit of €500 million a year early, as announced at the strategy update in February 2013.
AkzoNobel has today finalized the $1.05 billion sale of its North American Decorative Paints business to US-based PPG Industries, Inc. The deal was announced on December 14, 2012.
Akzo Nobel N.V. (AkzoNobel) today announced its Q4 and full-year 2012 results. Revenue for the year was up 5 percent driven by favorable currencies and pricing, which was partially offset by a decline in volumes.
AkzoNobel today announced a new strategy that will build on its leading market positions in mature and high-growth markets to achieve new financial targets. The strategy focuses on end-user segments, operational excellence and sustainability and is summarized by the company’s new vision: Leading market positions delivering leading performance.
AkzoNobel today announced that Marjan Oudeman, Executive Committee member responsible for Organizational Development and Human Resources, has accepted an offer to become President of Utrecht University, one of Europe's leading and best-rated universities. She will leave AkzoNobel as of June 30 to take up her new role.
AkzoNobel today announced that Ruud Joosten will be appointed Executive Committee member responsible for Decorative Paints with effect from the Annual General Meeting (AGM) on April 26. He will succeed Tex Gunning, Member of the Board of Management, who will step down and retire. Ruud Joosten is currently Managing Director of Pulp and Performance Chemicals within the Specialty Chemicals Business Area.
AkzoNobel today announced that Graeme Armstrong will become Managing Director Surface Chemistry and Country Director for North America. Armstrong is currently Executive Committee member responsible for Research, Development, and Innovation (RD&I). He succeeds Bob Margevich, who has chosen to go into retirement.
AkzoNobel today announced the divestment of its North American Decorative Paints business to PPG Industries, Inc. (PPG), for the value of $1.05 billion. In 2011, the North American Decorative Paints business had revenues of $1.5 billion, around 7 percent of AkzoNobel’s total 2011 revenue.
AkzoNobel has signed an agreement to supply advanced paint technology to McLaren Automotive, building on the success of the existing corporate partnership with the Vodafone McLaren Mercedes (VMM) Formula 1 team.
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