Akzo Nobel names Poux-Guillaume as new chief executive (updated)
28/06/2022 06:34
(Adds details; paragraphs 3-7)
June 28 (Reuters) - Dulux paint maker Akzo Nobel AKZO.AS
has named French businessman Gregoire Poux-Guillaume as its new
chief executive, with effect from Nov. 1.
Poux-Guillaume, 52, will take over from incumbent Thierry
Vanlancker when his term ends, the Dutch company said, if
shareholders approve the move at a general vote in September.
He previously headed Swiss manufacturing firm Sulzer SUN.S
and was a senior executive at private equity firm CVC Capital
Partners.
"We're grateful for Thierry's leadership," supervisory
chairman Nils Smedegaard Andersen said in a statement.
The period saw Akzo Nobel split off the specialty chemicals
business to become a focused and competitive paints and coatings
company, he added.
Vanlancker took the role in 2017, shortly after Akzo Nobel
fended off a 26-billion-euro ($28-billion) takeover bid by U.S.
rival PPG Industries PPG.N .
It sold its specialty chemicals division the following year
for 10 billion euros, distributing the proceeds to shareholders.
($1=0.9455 euros)
(Reporting by Sarah Morland; Editing by Clarence Fernandez)
((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))