Durability + Design
 
About  |  Subscribe  |  Advertise  |  Connect 
Follow us on Twitter Like us on Facebook

 

Download our free ebook: Generic Architectural Coatings: Performance and Uses

D+D News

Main News Page


CEO to Return to AkzoNobel

Tuesday, December 4, 2012

More items for Coatings Technology

Comment | More

AkzoNobel CEO Ton Büchner will return this week to the helm of the world's largest paint and coatings company after a 12-week medical leave, the company announced Monday (Dec. 3).

Büchner, 47, will resume his duties on Friday (Dec. 7), “following a full recovery,” the paint and coating maker’s Supervisory Board said in a statement Monday.

The company released no details about Büchner’s medical condition, saying that he and Supervisory Board member Antony Burgmans would answer questions Dec. 14 in media interviews and an analyst conference call.

Antony Burgmans Keith Nichols

Supervisory Board member Antony Burgmans (left) and CFO Keith Nichols have been handling Ton Büchner's duties since September.

Burgmans and Chief Financial Officer Keith Nichols have been filling in for Büchner.

“On behalf of the Supervisory Board and the Executive Committee, we welcome Ton coming back to the office,” said Karel Vuursteen, chairman of the Supervisory Board. “It has obviously been a testing time for all of us, but now Ton is back as expected, leading the company forward and returning to business as usual.”

‘Recovery’ Cited

The company announced Sept. 17 that Büchner would be taking a medical leave of absence after being diagnosed with “temporary fatigue” from having “taken on too much work.” Buchner joined AkzoNobel only in late April, succeeding longtime CEO Hans Wijers.

Büchner was to return “in the first half of October,” the first statement said.

On Oct. 17, however, in a statement that suggested a more serious condition, the company announced that Buchner would extend his leave.

Ton Buchner & Hans Wijers

Ton Büchner (left) succeeded longtime CEO Hans Wijers in April and began his leave in September.  AkzoNobel said Büchner would discuss his condition on Dec. 14.

“AkzoNobel's Supervisory Board this week received an update on the progress of CEO Ton Büchner's recovery,” the October statement said. “Following a Supervisory Board meeting today, the company reported that medical specialists expect the CEO to fully recover and that it is anticipated that he will return to work sometime around year-end.”

‘Great Future’

Büchner missed the Oct. 17 release of the company’s third-quarter report, which revealed a $3.1 billion loss for the company, due to impairment charges in the Decorative Paints business.

AkzoNobel said Monday that Büchner would deliver the company’s “Strategy Update”—postponed from Oct. 22—on Feb. 20, 2013, when the fourth-quarter and full-year 2012 results are released.

In a statement, Büchner said, “I am thrilled to return to my post. I am grateful to my team who have taken care of the company so well during my absence.

“There is a great future for AkzoNobel, and we are looking forward to updating you on our plans to further improve the company's performance.”

   

Tagged categories: AkzoNobel; Business management; Business operations

Comment Join the Conversation:

Sign in to our community to add your comments.

Lignomat USA Ltd.
A dependable Source for Moisture Meters

Lignomat manufactures pin, pinless and in-situ probe meters for concrete and other building materials. Call 800-227-2105 to find the best moisture measuring device for your application.


Armorthane
Best Floor Coatings with Maximum Durability

Coat CONCRETE or WOOD flooring for wheel and foot traffic, chemical resistance, weather-proofing, indoors and outside. Variety of textures for beauty, resilience and safety.


AGC Chemicals
FEVE Resins Used On Joe DiMaggio Children’s Hospital Curtain Walls

Not only do LUMIFLON FEVE resin-based coatings provide added durability on metal-clad buildings, they are a leading product in the area of environmental sustainability.


Keim Mineral Coatings
Concrete Coatings penetrate, chemically bond and will never peel, blister or fade

Complete mineral silicate concrete repair and finish systems to solve concrete problems for decades long beauty and protection.


KTA-Tator, Inc. - Corporate Office
KTA Consulting Services

Independent assessment of coating failures – in the field and laboratory.
Contact:
Kevin Brown, 336-874-2651
Corporate:
1-800-245-6379 x208


Dumond Chemicals Inc.
SMART STRIP™ PRO

delivers the superior performance professionals are looking for when removing even the most difficult high-performance coatings and lead paint. This product is low VOC, low odor; biodegradable and user friendly.


Atlas Material Testing Technology

Helping You Put Your Products To The Test

• Outdoor Accelerated
Weathering
• Laboratory Testing
Services
• Accelerated Weathering
Instruments

www.atlas-mts.com atlas.info@ametek.com

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 

© Copyright 2012-2015, Technology Publishing Co., All rights reserved