The Supervisory Board of AkzoNobel N.V. recently announced that Keith Nichols, chief financial officer (CFO) and member of the Board of Management, has decided to step down at the end of June after eight years with the company. Nichols will remain CFO and retain his position on the Board until June 30. An international search for his successor is being undertaken, and an appointment will be made in due course.

“We thank Keith for his dedication and commitment to AkzoNobel over the past eight years,” said Ton Büchner, CEO. “He has played a major role in the transformation of the company’s portfolio, most notably in the exit of our Pharmaceutical business and, since becoming CFO in 2008, has made an outstanding contribution in driving financial discipline and functional excellence across the company. We will miss Keith’s valuable and insightful input, as well as his hard work, and I know that I speak on behalf of all my colleagues in wishing him well for the future.”