Akzo Nobel chairman retires after PPG battle

|About: Akzo Nobel N.V. ADR (AKZOY)|By:, SA News Editor

Akzo Nobel (OTCQX:AKZOY) has nominated Nils Smedegaard Andersen to become chairman of its supervisory board subject to approval by its annual shareholders meeting in April.

A former CEO of Maersk and Carlsberg, Andersen would replace retiring Antony Burgman, who clashed with shareholders over the company's decision to reject a €26.3B takeover offer from PPG Industries (NYSE:PPG) last year.

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