Akzo Nobel N : AkzoNobel announces Gregoire Poux-Guillaume as new Chief Executive Officer as of November 1, 2022

Akzo Nobel N.V.

Media release

June 28, 2022

AkzoNobel announces Gregoire Poux-Guillaume as new Chief Executive Officer as of November 1, 2022

(AKZA; AKZOY)

AkzoNobel has announced that Gregoire Poux-Guillaume will become the company's new Chief Executive Officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end.

Gregoire (52), a French national, is an international business leader with 25 years of experience. He has a distinguished track record of building successful, profitable businesses in challenging environments, accelerating business growth and improving margins. Previous roles include CEO of Sulzer, CEO of GE Grid Solutions (previously Alstom Grid) and Senior Managing Director of CVC Capital Partners.

Commenting on the appointment, Nils Smedegaard Andersen, Chair of AkzoNobel's Supervisory Board, says: "Gregoire Poux-Guillaume is an experienced business leader with a track record of delivering above market growth and building strong teams. We're happy and confident to have found the best match for AkzoNobel to continue our position as a frontrunner in our industry. His experience will provide a valuable perspective to help us with future growth and financial performance. I look forward to working with him."

Adds Gregoire Poux-Guillaume: "I'm honored to have been selected by AkzoNobel's Supervisory Board to lead the company through its next stage of development. AkzoNobel is a leader in innovative and sustainable products and solutions; a truly global company with a proud heritage. I look forward to meeting my new colleagues and together building on the progress that has been achieved over the last few years."

Continues Smedegaard Andersen: "We're grateful for Thierry's leadership, under which AkzoNobel successfully split off the Specialty Chemicals business and became a focused and competitive paints and coatings company, with strong profitability and significant returns to shareholders."

Christian Neefestraat 2	T [phone]
1077 WW Amsterdam	E [e-mail]
P.O. Box 75730	www.akzonobel.com
1070 AS Amsterdam
Netherlands

The appointment of Gregoire Poux-Guillaume to AkzoNobel's Board of Management is subject to shareholder approval and, as such, will be on the agenda of an Extraordinary General Meeting to be scheduled in September this year.

This is a public announcement by Akzo Nobel N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014).

About AkzoNobel

We supply the sustainable and innovative paints and coatings that our customers, communities - and the environment - are increasingly relying on. That's why everything we do starts with People. Planet. Paint. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. We're active in more than 150 countries and have set our sights on becoming the global industry leader. It's what you'd expect from a pioneering paints company that's committed to science-based targets and is taking genuine action to address globally relevant challenges and protect future generations.

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Contact: Diana Abrahams

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Contact: Kenny Chae

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Safe Harbor Statement

This press release contains statements which address such key issues such as AkzoNobel's growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business please see our latest annual report, a copy of which can be found on our website: www.akzonobel.com

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