At today's Annual General Meeting (AGM), shareholders of Akzo
Nobel N.V. (AkzoNobel) approved the company's 2011 financial
statements and agreed that the 2011 financial year dividend
would be €1.45 (2010: €1.40) per common share. An interim
dividend of €0.33 was paid in November 2011, which means the
final payment will be €1.12 per share.
The final dividend will be paid on May 24, 2012. Under the
conditions to be published by the company and at the
shareholder's election, this dividend will be paid either
in cash or in stock. The AkzoNobel shares will be traded
ex-dividend on Euronext Amsterdam as of April 25, 2012. The
record date is April 27, 2012.
Board of Management appointment and reappointments
Ton Büchner was appointed as member of the Board of
Management by the shareholders and was duly appointed as
CEO by the Supervisory Board. At the same time, Hans Wijers
stepped down from his position as CEO and member of the
Board of Management. The AGM thanked Mr. Wijers for his
long and successful tenure at AkzoNobel, transforming the
former conglomerate into the world's largest coatings and
specialty chemicals company.
Keith Nichols was reappointed to the Board of Management
for another four-year term, and Leif Darner - who will
reach the regular retirement age for Board of Management
members in 2014 - was reappointed for a two-year term.
Rob Frohn stepped down from the Board of Management
effective May 1, 2012. The AGM thanked Mr. Frohn for his
extensive and successful 28-year career with AkzoNobel.
Supervisory Board appointments and reappointments
Dolf van den Brink and Peter Ellwood were reappointed to
the Supervisory Board for further four-year terms. In
addition, Sari Baldauf and Ben Verwaayen were appointed to
the Supervisory Board for four-year terms.
Having reached the maximum 12-year tenure as member of the
Supervisory Board, Virginia Bottomley stepped down. The AGM
thanked Baroness Bottomley for her contributions to the
Amendments to the Articles of Association
The proposal to amend the Articles of Association to align
them with changes in Dutch legislation was approved.
Further information about the amendments is available