24th June 2019

AKZONOBEL NAMES SUPERVISORY BOARD CANDIDATE

AkzoNobel has nominated Nils Smedegaard Andersen to its Supervisory Board, with the intention to elect him as chairman, assuming his appointment is approved at the April 26 annual general meeting. Andersen is a non-executive director at BP and Unilever, where he serves on both companies’ audit committees. Previously, he also served as Group Chief Executive of A.P. Møller – Maersk from 2007 until 2016. Earlier in his career, he was president and chief executive officer of Carlsberg and Carlsberg Breweries.

“We are very pleased to nominate Nils Andersen,” said Byron Grote, deputy chairman of AkzoNobel. “He has a wealth of relevant experience gained during an extensive international career in the consumer goods, energy and shipping industries. Nils will bring this broad business insight to the Supervisory Board as AkzoNobel becomes a focused, high-performing paints and coatings company.”

If confirmed, Andersen will take the place of Antony Burgmans, the current Supervisory Board chairman, who is in his final year on the board. Burgmans played a major role in last year's merger talks with Pittsburgh-based PPG; at one point, a hedge fund that was backing the deal sought to remove him as chair.

www.akzonobel.com