AkzoNobel announces new leadership for Decorative Paints

Marketwired

AMSTERDAM, THE NETHERLANDS--(Marketwire - Feb 14, 2013) - AkzoNobel today announced thatRuud Joosten will be appointed ExecutiveCommittee member responsible for Decorative Paints with effect from theAnnualGeneral Meeting (AGM) on April 26. He will succeed Tex Gunning, Member oftheBoard of Management, who will step down and retire. Ruud Joosten iscurrentlyManaging Director of Pulp and Performance Chemicals within the SpecialtyChemicals Business Area.

Ruud Joosten has extensive experience in Decorative Paints and has beenresponsible for both mature and high growth regions. In his most recentrole, hemanaged a truly global business in the Specialty Chemicals Business Area.In hisnew assignment, he will concentrate on adapting Decorative Paints Europe tothechallenging market environment and on further expanding Decorative Paints'presence in key growth markets.

"The future of Decorative Paints is in very good hands. Ruud is a highlycompetent manager with a strong track record throughout the organization.Onbehalf of the Executive Committee, I wish Ruud every success in his newrole,"said Ton Büchner, CEO of AkzoNobel. "I would also like to thank Texfor hisexcellent service to the company and wish him a happy retirement."Tex Gunning's business career spanned over 25 years in Unilever, lastly asBusiness Group President. In September 2007, Tex Gunning was appointed CEOofVedior, a global company in HRM services. After a successful merger withRandstad, he joined AkzoNobel in 2009.During his tenure at AkzoNobel, Tex Gunning played a crucial role in theintegration of ICI's paints activities into the AkzoNobel organization,resulting in substantial synergy savings. He oversaw the turnaround ofDecorative Paints in North America, substantially restructured the Europeanactivities and grew the business significantly in high growth markets.Furthermore, he rationalized the Decorative Paints' brand portfolio,includingthe creation of a new global brand identity and a worldwide 'Let's Colour'marketing program.

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AkzoNobel is the largest global paint and coatings company and a majorproducerof specialty chemicals. We supply industries and consumers worldwide withinnovative products and are passionate about developing sustainable answersforour customers. Our portfolio includes well known brands such as Dulux,Sikkens,International and Eka. Headquartered in Amsterdam, the Netherlands, we areaGlobal Fortune 500 company and are consistently ranked as one of theleaders inthe area of sustainability. With operations in more than 80 countries, our55,000 people around the world are committed to excellence and deliveringTomorrow's Answers Today™.

Pdf AkzoNobel press release:http://hugin.info/130660/R/1678126/547577.pdf

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Source: Akzo Nobel NV via Thomson Reuters ONE

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