AMSTERDAM — AkzoNobel announced that shareholders have voted in favor of all resolutions at the company's Annual General Meeting (AGM) and approved the appointment of Nils Anderson to the Supervisory Board.

Shareholders adopted the company's 2017 financial statements, the dividend policy and agreed upon a total dividend per share for 2017 of €2.50 (up 52%). Andersen was appointed by the AGM as a new member of the Supervisory Board and subsequently appointed Chairman by the Supervisory Board.

Byron Grote, Deputy Chairman of the Supervisory Board, commented, "We are very pleased with the appointment of Nils Andersen. He has a wealth of relevant experience gained during an extensive international career in the consumer goods, energy, and shipping industries. Nils will bring this broad business insight to the Supervisory Board. We wish him every success in his new role."

Andersen will succeed Antony Burgmans, who was the previous Chairman and served three terms as a member of the Supervisory Board. Louis Hughes has also stepped down after serving three terms.

"We thank Antony Burgmans for his commitment over the past 12 years, both as a member and as the Chairman of the Supervisory Board," said Deputy Chairman Grote. "His experience and professional expertise have benefited the company. He has played an essential role in the transformation of AkzoNobel into a focused Paints and Coatings company. We wish him well in all of his future activities.

"We would also like to thank Louis Hughes for his valuable contributions and active role during his time as a member of the Supervisory Board and wish him all the best in the future."

Grote was reappointed as a member of the Supervisory Board. He is the current Deputy Chairman and has been reappointed for a second term of four years.