Proposed changes to AkzoNobel’s Supervisory Board

The Supervisory Board of AkzoNobel has announced proposed changes to its membership that will be discussed at the company’s Annual General Meeting of Shareholders on April 29.

Antony Burgmans, after reaching the end of his second term, is to be put forward for re-appointment. Following such re-appointment the Supervisory Board intends to elect Mr Burgmans as Chairman to succeed Mr Vuursteen.

Louis Hughes will also reach the end of his second term this year and will be nominated for re-appointment.

Sir Peter Ellwood is to step down after six years on the Board. Chairman Karel Vuursteen comments: “On behalf of my colleagues I would like to thank Sir Peter for the valuable contribution he has made to the good governance and smooth running of the company over the last six years.”
Mr Byron Grote will be put forward in Mr Ellwood’s place. Mr Grote currently holds the role of non-executive director at Unilever, chairing the Audit Committee, and is also a non-executive director at Anglo-American plc.

Following the proposed changes, the Supervisory Board will have eight members instead of the current nine.

The full agenda for AkzoNobel’s Annual General Meeting will be published on March 18. The Annual Report over 2013 will be available online on the company’s website and from the AppStore on February 26.

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