Organization
AkzoNobel consists of 19 business units, with business responsibility and autonomy. For managerial purpose these cooperate in three groups, which are supported by one managerial board.
As of January 1, 2011, a nine member-strong Executive Committee (ExCo) was established, which is composed of five members of the Board of Management (BOM) and four leaders with functional expertise, allowing both the functions and the business areas to be represented at the highest levels in the company.
The ExCo includes Chairman and CEO Ton Büchner, CFO Keith Nichols, Leif Darner (responsible for Performance Coatings), Tex Gunning (responsible for Decorative Paints), Graeme Armstrong (responsible for Research, Development & Innovation), Sven Dumoulin (General Counsel), Werner Fuhrmann (responsible for Supply Chain/Sourcing and responsible for Specialty Chemicals) and Marjan Oudeman (responsible for HR and Organizational Development). The board holds office in Amsterdam. Prior to August 2007, the group was headquartered in Arnhem.
Due to high revenues from the sales of its pharmaceutical business, AkzoNobel was the world's most profitable company in 2008.
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