Given the restrictions in place due to the outbreak of COVID-19, the company held a virtual AGM. All shareholders were able to attend and vote virtually and submit questions in advance.
“It’s clear that COVID-19 is having a huge impact on AkzoNobel and the world in general,” said Supervisory Board Chairman, Nils Smedegaard Andersen. “The company is taking all necessary measures to keep its people safe and healthy, while continuing to serve its customers and ensuring business continuity.
“As recently announced, significant market disruption forced the company to pause key parts of its transformation and suspend its 2020 financial ambition. Everyone at AkzoNobel looks to resuming the positive momentum and driving the company towards the forefront of the paints and coatings industry, once markets normalize.”
During the meeting, Pamela Kirby was re-appointed as a member of AkzoNobel’s Supervisory Board for a second four-year term. Ben Verwaayen, who served eight years as a member of the Supervisory Board, stepped down and will not be replaced, reducing the number of Supervisory Board members to eight.
Added Andersen: “We would like to thank Ben for his valuable contribution and active role during his time as a member of the Supervisory Board and wish him all the best for the future.”