(AGENPARL) – Fri 19 December 2025 Akzo Nobel N.V.
Media release
December 19, 2025
AkzoNobel prioritizes continuity for Chief Financial Officer in runup to proposed
Axalta merger
(AKZA; AKZOY)
AkzoNobel is pleased to announce that Maarten de Vries, who had planned to retire at the end of his second
four-year term as CFO and member of the Board of Management in April, has agreed to extend his tenure as
CFO for one year to support the planned merger with Axalta. The extension of his term as a member of the
Board of Management will be proposed for shareholder approval at the April 2026 AGM.
Fredrik Westin, who had been announced as the company’s new Chief Financial Officer (CFO) effective
January 1, 2026, will no longer join AkzoNobel. The company is grateful to Fredrik for his understanding of the
change of circumstances as it works towards closing the proposed merger in late 2026 to early 2027.
Greg Poux-Guillaume, CEO of AkzoNobel says, “Maarten has been a great partner to me over the past three
years. I appreciate his dedication to AkzoNobel, exemplified by his willingness to delay his announced
retirement from AkzoNobel to accompany us to closing of our proposed merger with Axalta.”
Ben Noteboom, Chair of AkzoNobel’s Supervisory Board, says, “We were excited to welcome Fredrik Westin
as CFO, but both parties realized that making a change for such a short period, while the merger is proposed
for shareholder approval and goes through regulatory clearance, was not optimal. We wish Fredrik the best in
whatever comes next. We know he will be successful. The Supervisory Board thanks Maarten for his loyalty
and dedication.”
As previously announced, the CEO of the merged company will be the CEO of AkzoNobel, and its CFO will be
the CFO of Axalta.
–About AkzoNobel
Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio
of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use
our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and longestablished paints company that’s dedicated to providing more sustainable solutions and preserving the best of what we have today – while creating an even
better tomorrow. Let’s paint the future together.
Not for publication – for more information
Media relations
Contact: Joost Ruempol
Christian Neefestraat 2
1077 WW Amsterdam
P.O. Box 75730
1070 AS Amsterdam
The Netherlands
http://www.akzonobel.com