AkzoNobel has appointed its first ever Compliance Director, a new position which will be filled by the company's current Corporate Director for Internal Audit, Paul Grimmelikhuizen.
This new role - which comes into effect on November 1 - involves combining the responsibility for compliance and Risk Management in AkzoNobel with the "in control" responsibilities now being led by Marjo van Ool. Mrs Van Ool will succeed Grimmelikhuizen as Corporate Director for Internal Audit.
Combining these areas under one Director will enable AkzoNobel to focus more sharply on compliance while maintaining the momentum within control built under Van Ool's leadership.
Grimmelikhuizen, who is currently also a member of the company's Corporate Compliance Committee, will report to AkzoNobel General Counsel Jan Karel van der Staay. Van Ool, who joined AkzoNobel from PricewaterhouseCoopers in 2001, will report to CEO Hans Wijers and - for all operational matters - to CFO Keith Nichols.
----
Note to editors
AkzoNobel is proud to be one of the world's leading industrial companies. Based in Amsterdam, the Netherlands, we make and supply a wide range of paints, coatings and specialty chemicals - pro forma 2007 revenue totaled €14.4 billion. In fact, we are the largest global paints and coatings company. As a major producer of specialty chemicals we supply industries worldwide with quality ingredients for life's essentials. We think about the future, but act in the present. We're passionate about introducing new ideas and developing sustainable answers for our customers. That's why our 60,000 employees - who are based in more than 80 countries - are committed to excellence and delivering Tomorrow's Answers Today(TM).
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833 Corporate Investor Relations, tel. +31 20 502 7856
Contact: Tim van der Zanden Contact: Dick Luijckx
