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TMCNet:  Press Release: Maelys Castella appointed CFO at AkzoNobel

[June 17, 2014]

Press Release: Maelys Castella appointed CFO at AkzoNobel

(GlobeNewswire Via Acquire Media NewsEdge) AMSTERDAM, Netherlands, June 17, 2014 (GLOBE NEWSWIRE) -- AkzoNobel has today announced the appointment of Maëlys Castella (47) as the company's new Chief Financial Officer. She will officially take up the position on September 15.


Maëlys Castella succeeds Keith Nichols, who announced his intention to leave AkzoNobel on January 15, 2014. She has worked at Air Liquide for the last 14 years, most recently as Group Deputy CFO. Her previous posts there include Europe Chief Financial Officer and Corporate Finance and Treasury Director.

Commenting on the appointment, AkzoNobel CEO Ton Büchner said: "We're delighted to have appointed Maëlys as the company's CFO. She brings a wealth of experience in finance and will add fresh impetus to our ongoing commitment to improve operational excellence and drive value creation." Added Antony Burgmans, Chairman of AkzoNobel's Supervisory Board: "This is a very important appointment. Maëlys is a high caliber professional who will bring key skills and capabilities to the company. After a thorough and international search and selection program that saw many talented candidates, we're very happy that Maëlys will be joining us as CFO." Maëlys Castella said: "I am looking forward to working for AkzoNobel with great enthusiasm. It is a company I much admire, where I believe I can make a major contribution to the management team in their focus on operational excellence." A French national, Maëlys Castella joined Air Liquide as Group Financing Manager in 2000. She previously worked for ELF Oil & Gas Group, where her positions included Financing and Capital Markets Manager.

She will be nominated for appointment to AkzoNobel's Board of Management and will be based at the company's head office in Amsterdam, the Netherlands. Ton Büchner will take over CFO responsibilities in the brief transition period between Keith Nichols' departure and Maëlys Castella's commencement date.

- - - AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of our fast-changing world.

Not for publication - for more information Corporate Media Relations Corporate Investor Relations T +31 (0)20 - 502 7833 T +31 (0)20 - 502 7854 Contact: Diana Abrahams Contact: Sheryl StokesSafe Harbor Statement This press release contains statements which address 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.

Image: Maëlys Castella http://hugin.info/130660/R/1793570/617544.jpg Press release: CFO AkzoNobel http://hugin.info/130660/R/1793570/617672.pdf HUG#1793570 Source: Akzo Nobel NV 2014 GlobeNewswire, Inc.

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