AkzoNobel announced Nils Andersen will step down as chair and member of the company’s Supervisory Board to accept a new board position outside of the company. Andersen will step down at the Annual General meeting (AGM) to be held in April 2023, where his successor will be nominated for appointment.

“We congratulate Nils Andersen on his new opportunity, and at the same time, we deeply regret to see him go,” Byron Grote, deputy chair of the Supervisory Board, said. “Nils stepped into the role of chair of the Supervisory Board during a very turbulent time. His extensive international experience in different industries and his broad business insight have helped guide AkzoNobel’s transformation into a frontrunner in the paints and coatings industry. The company’s relationship with its shareholders and other stakeholders significantly improved under his leadership.”

For more information, visit: www.akzonobel.com.