Shareholders voted to approve the resolutions presented at AkzoNobel’s virtual Annual General Meeting (AGM), including a final dividend of €1.54 per share.

All shareholders were able to attend and vote virtually, while questions could be asked live during the meeting, in addition to those that had been submitted in advance.

CFO Maarten de Vries was reappointed as a member of the Board of Management for a second four-year term. Mr. Nils Smedegaard Andersen and Mr. Byron Grote were reappointed as members of the Supervisory Board. Mr. Andersen was reappointed for a second four-year term and will continue as Chairman of the Supervisory Board. Mr. Grote was reappointed for a third term of two years.

The nominations of Mrs. Ester Baiget and Mr. Hans van Bylen to the Supervisory Board were also approved by the shareholders.

“We’d like to welcome Ester and Hans to the Supervisory Board and look forward to benefiting from their extensive expertise,” said Supervisory Board Chairman, Nils Smedegaard Andersen. “From an operations perspective, 2021 proved to be just as challenging as 2020. However, the company responded well with strong pricing in response to significant raw material inflation that allowed AkzoNobel to deliver 2021 profit in line with the previous year. After another difficult year, the management team and all employees should be proud of their efforts in 2021.

“We also took note of the feedback following the 2021 remuneration report. The Supervisory Board truly regrets this, especially since we believe significant progress on disclosure has been made compared with last year.

“The Supervisory Board will intensify its engagement with shareholders to address their concerns.”

The new appointments mean that AkzoNobel’s Supervisory Board now has eight members.