THE NETHERLANDS – AkzoNobel’s Supervisory Board has announced that CEO Ton Büchner is taking a leave of absence as a result of a medical condition. This decision has been made based on medical advice following Büchner being diagnosed with temporary fatigue. His recovery is expected to enable him to return to work in the first half of October. Buchner was appointed CEO in April.
In the interim, the Supervisory Board has asked CFO Keith Nichols to coordinate and be first point of contact on the Executive Committee.
Antony Burgmans, member of the Supervisory Board, will be on hand to offer advice and support to Nichols and the committee.
“I was sad to learn about Ton’s condition and we all look forward to seeing him back in the office shortly”, said Karel Vuursteen, chairman of the Supervisory Board. “However, in the meantime we have a highly experienced Executive Committee and, together with Keith, they will provide strong leadership until Ton is back.”
The company will publish its third quarter results on Oct. 18. The investor meeting planned for Oct. 22 will be postponed until further notice.
