Akzo Nobel names Poux-Guillaume as new chief executive
2022.06.28 10:10
FILE PHOTO: Cans of Dulux paint, an Akzo Nobel brand, are seen on the shelves of a hardware store near Manchester, Britain, April 24, 2017. REUTERS/Phil Noble/File Photo
(Reuters) -Dulux paint maker Akzo Nobel (OTC:AKZOY) 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 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 (NYSE:PPG).
It sold its specialty chemicals division the following year for 10 billion euros, distributing the proceeds to shareholders.
($1=0.9455 euros)
