AMSTERDAM - AkzoNobel has nominated Nils Smedegaard Andersen as a member of its supervisory board with the intention to elect him as Chairman following his successful appointment at the company's Annual General Meeting in April.

This announcement concluded an extensive search and selection process conducted by the supervisory board, led by Byron Grote, Deputy Chairman, including consultation with major shareholders.

Andersen, a Danish citizen, is Non-Executive Director at BP and Unilever, where he serves on the audit committees of both companies. Andersen was Group Chief Executive of A.P. Møller - Mærsk from 2007 until 2016 and had previously been President and Chief Executive Officer of Carlsberg and Carlsberg Breweries.

The appointment of Andersen 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.