AkzoNobel Names Nils Andersen as Next Chairman of Supervisory Board

AkzoNobel announced the nomination of Nils Smedegaard Andersen as member of the Supervisory Board with the intention to elect him as chairman following his successful appointment at the Annual General Meeting in April.

This announcement concludes an extensive search and selection process conducted by the Supervisory Board, led by Deputy Chairman Byron Grote and consultation with major shareholders.

Andersen is non-executive director at BP and Unilever, where he serves on the Audit Committees of both companies. Nils was group chief executive of A.P. Møller - Mærsk from 2007 until 2016 and had previously been president and CEO of Carlsberg and Carlsberg Breweries.

"Nils Andersen has a wealth of relevant experience gained during an extensive international career in the consumer goods, energy, and shipping industries,” Grote said. “He will bring this broad business insight to the Supervisory Board as AkzoNobel becomes a focused, high-performing Paints and Coatings company."

"I am excited to be nominated for the role of Chairman of the Supervisory Board and look forward to being able to play my part in the transformation of AkzoNobel and delivering further value creation for shareholders and other stakeholders,” Andersen added.

Andersen’s appointment to the Supervisory Board of AkzoNobel is subject to shareholder approval and as such will be added to the agenda of the Annual General meeting to be held on April 26, 2018.