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AkzoNobel to Nominate 2 Supervisory Board Members

AkzoNobel will also propose the appointment of Robert Schuchna as a new Supervisory Board member on behalf of Cevian Capital.

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By: Rachel Klemovitch

Assistant Editor

AkzoNobel announced it will nominate two of its Supervisory Board members for reappointment at the company’s Annual General Meeting (AGM) in April. AkzoNobel will also propose the appointment of Robert Schuchna as a new Supervisory Board member on behalf of Cevian Capital.

“We welcome the support of Cevian Capital and see their commitment to investing in AkzoNobel as confirmation that there’s significant value to be realized in our company,” says Ben Noteboom, Chair of AkzoNobel’s Supervisory Board. “We wish Robert all the best as a new member of the Supervisory Board.”

Current Supervisory Board member Ester Baiget will be nominated for a term ending at the 2027 AGM, and Hans Van Bylen and Robert Schuchna will be nominated for terms ending at the 2030 AGM. 

If the proposed Axalta merger is completed earlier, their terms will end at that time.

AkzoNobel also recently announced that Chief Financial Officer, Maarten de Vries, will also be nominated for reappointment as CFO and member of the Board of Management at the AGM on April 23. 

He will be nominated for a term which will end at the 2027 AGM, or upon the proposed merger with Axalta being completed before this date.

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