AkzoNobel, the Dutch paint maker, has clashed again with shareholders, this time over the appointment of a director.
Dutch paint and chemicals group AkzoNobel has said a British pension fund investor has put forward an alternative to one of its board candidates, a nominee the company said it did not support.
USS, which owns about 1.5% of shares in the group, told AkzoNobel it wants Eric Meurice, former chief executive of chip manufacturer ASML, in one of three vacant positions. Akzo’s candidates are Patrick Thomas, chief executive of Covestro; Sue Clark, an ex-director of SABMiller; and Michiel Jaski, ex-chair of engineering group Grontmij.
AkzoNobel, maker of Dulux paint, said: “The Supervisory Board does not support the proposal from USS to appo
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