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The new appointment is effective immediately and, according to the company, a strategic decision to leverage extensive experience and innovative vision to drive sustainable growth and strengthen the company's leadership position in its markets.

Robert M. McLaughlin has decided that he will retire from the company's Board of Directors and will not stand for re-election at the 2024 Annual General Meeting of Members.

The company announced a new Chairman of the Supervisory Board as Dr. Wolfgruber, who has been a member of the Supervisory Board since March 2016 and its chairman since May 2020, stepped down due to reaching the age limit at the end of his term. 

The company announced that Lyndee Brassieur, currently Global Director, Industrial Segment Operations, Specialty Coatings and Materials (SCM), has been named Vice President, Environment, Health and Safety (EHS), effective April 1, 2024.

In a year that surpassed expectations, Hempel achieved historic-high organic revenue growth. 

The agreement with Barriertec is the latest step in Stahl's strategy to strengthen its packaging coatings offering, with a focus on providing high-quality, sustainable solutions to printing and packaging customers. 

AkzoNobel announced a $30 million investment to enhance powder coatings production across four North American sites with new technology and added capacity.

The loan from the European Investment Bank will be used to finance research and development activities at the company, which firmly integrated sustainability into all elements of its corporate strategy in 2022.

All of the company's manufacturing locations in Latin America are now operating on 100%-renewable electricity, further boosting the company’s ambition to reduce carbon emissions across the full value chain by 50% by 2030. Read examples of how the company is moving towards this goal, globally. 

Built on a 50,000-square-meter site, the 250-bed facility is a green hospital designed according to global healthcare standards. It is expected to increase medical tourism in Indonesia while expanding access to international-quality medical care.