AkzoNobel’s Nils Andersen announced that he will step down as chair and member of the company’s supervisory board. He says that he has accepted a new board position outside of the company. He will leave following the company’s Annual General Meeting (AGM) in April 2023.

AkzoNobel states that it will announce a successor at the next AGM.

“We congratulate Nils Andersen on his new opportunity and at the same time we deeply regret to see him go,” says Byron Grote, deputy chair of the supervisory board. “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.”

This news follows the shareholders of AkzoNobel recently appointing Gregoire Poux-Guillaume as a member of the Board of Management. He replaced Thierry Vanlancker, who had been CEO and member of the Board of Management since 2017.