AkzoNobel CEO steps down, current regional head named successor

AkzoNobel CEO steps down, current regional head named successor

5:15 AM, 19th July 2017
Ton Buchner, CEO of AkzoNobel steps down due to health reasons. (File photo)
Ton Buchner, CEO of AkzoNobel steps down due to health reasons. (File photo)

AMSTERDAM, NETHERLANDS: AkzoNobel NV said that its chief executive officer (CEO) Ton Buchner steps down with immediate effect due to health reasons. The company has announced Thierry Vanlancker as the new CEO.

Thierry was most recently head of speciality chemicals at AkzoNobel, having joined the company in 2016. Prior to joining AkzoNobel, he was president – fluoroproducts for Chemours, the spin-off company of DuPont's chemical businesses formed in 2015.

Buchner joined AkzoNobel in 2012 and has been responsible for significantly improving the performance of the company, increasing profitability and cash flow to record levels. He put in place a solid operational and financial foundation, which enabled the company to recently announcing the creation of two focused high performing businesses; paints and coatings and speciality chemicals.

The company said that it will announce a successor for the head of speciality chemicals in due course.

“It is with great regret that Ton is stepping down due to health reasons. He has been an outstanding leader for AkzoNobel, transforming the company and setting it up for future success,” said Antony Burgmans, chairman of the supervisory board.

“AkzoNobel remains focused on delivering for our customers every day. In Thierry Vanlancker we have an outstanding executive who is well placed to continue building momentum for the company. This includes the creation of two focused businesses, delivering sustainable growth and profitability. I look forward to continuing to work with Thierry in his new role as CEO,” added Burgmans.

“It was a privilege to work for AkzoNobel and I am extremely proud of all the achievements the team delivered during my five years at the company. AkzoNobel is full of highly engaged, talented and passionate people who deliver every day for our customers and I want to thank all of them for their contribution and support over the years,” said Ton Buchner.

“Thierry Vanlancker is a great addition to the team and is well placed to take AkzoNobel forward, delivering long term value creation for all stakeholders. I wish Thierry all the best,” added Buchner.

© Worldofchemicals News 

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