AkzoNobel Names Former Chemours Executive as CEOAkzoNobel Names Former Chemours Executive as CEO

Specialty chemicals firm AkzoNobel named a former Chemours executive as its new chief executive officer after the current CEO stepped down because of health reasons, the company announced July 19 in a press release.

Thierry Vanlancker, who formerly headed up Chemours’ Flouroproducts unit, will assume the role of AkzoNobel’s chief executive officer following the exit of current CEO Ton Büchner.

The outgoing chief executive officer has served in his role since 2012 and was responsible for “increasing profitability and cash flow to record levels,” the company said, and oversaw the creation of the paints, coatings and specialty chemicals businesses.

“It is with great regret that Ton is stepping down due to health reasons. He has been an outstanding leader for AkzoNobel,” said Antony Burgmans, chairman of the firm’s supervisory board, in a statement, adding, “AkzoNobel remains focused on delivering for our customers every day. In Thierry Vanlancker we have an outstanding executive who is well placed to continue building momentum for the company.”

The incoming CEO has held a number of leadership positions in Europe and the U.S. Most recently, he served as head of AkzoNobel’s specialty chemicals business.

“Theirry Vanlancker is a great addition to the team and is well placed to take AkzoNobel forward, delivering long term value creation for all stakeholders. I wish Thierry all the best,” said Büchner in the release.

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