Ton joined AkzoNobel in 2012 and has been responsible for significantly improving the performance of the company, increasing profitability and cash flow to record levels.
He put in place a solid operational and financial foundation, which enabled the company to recently announce the creation of two focused high performing businesses; Paints and Coatings and Specialty Chemicals.
Thierry was most recently head of Specialty Chemicals at AkzoNobel, having joined the company in 2016. A Belgian national, prior to joining AkzoNobel he was President – Fluoroproducts for Chemours, the spin-off company of DuPont's chemical businesses formed in 2015.
Antony Burgmans, Chairman of the Supervisory Board, commented:
“It is with great regret that Ton is stepping down due to health reasons. He has been an outstanding leader for AkzoNobel, transforming the company and setting it up for future success. His focus on delivering for our customers and operational excellence has driven profitability to record levels, increasing returns to shareholders.
‘’His passion for the business and personal commitment has helped create a strong culture across the company. He will be greatly missed in the Boardroom and by many colleagues of AkzoNobel around the world. I wish Ton well and hope he is now able to focus fully on his own health.
‘’AkzoNobel remains focused on delivering for our customers every day. In Thierry Vanlancker we have an outstanding executive who is well placed to continue building momentum for the company. This includes the creation of two focused businesses, delivering sustainable growth and profitability.
‘’His extensive experience in the chemicals and coatings industry gives him a unique perspective and I look forward to continuing to work with him in his new role as CEO.”
Ton Büchner, commented:
”It was a privilege to work for AkzoNobel and I am extremely proud of all the achievements the team delivered during my five years at the company. AkzoNobel is full of highly engaged, talented and passionate people who deliver every day for our customers and I want to thank all of them for their contribution and support over the years.
‘’Our commitment to value creation, sustainability, innovation and the communities in which we operate is a major driver of our success.
“Thierry Vanlancker is a great addition to the team and is well placed to take AkzoNobel forward, delivering long term value creation for all stakeholders. I wish Thierry all the best.
"For me this was an extraordinarily difficult decision to make but my focus must now be on my health.”
Thierry joined DuPont in 1988 and held a number of senior positions both in Europe and the US, including Vice-President Performance Coatings and Business Manager of Refinish Systems across Europe, Middle East and Africa.
A successor for the Head of Specialty Chemicals will be announced in due course.
Volvo Cars, the premium car maker, has announced that every Volvo it launches from 2019 will have an electric motor, marking the historic end of cars that only have an internal combustion engine (ICE) and placing electrification at the core of its future business.The announcement represents one of the most significant moves by any car maker to embrace electrification and highlights how over a century after the invention of the internal combustion engine electrification is paving the way for a new chapter in automotive history. “This is about the customer,” said Håkan Samuelsson, president and chief executive. “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs. You can now pick and choose whichever electrified Volvo you wish.” Volvo Cars will introduce a portfolio of electrified cars across its model range, embracing fully electric cars, plug in hybrid cars and mild hybrid cars. It will launch five fully electric cars between 2019 and 2021, three of which will be Volvo models and two of which will be high performance electrified cars from Polestar, Volvo Cars’ performance car arm. Full details of these models will be announced at a later date.
These five cars will be supplemented by a range of petrol and diesel plug in hybrid and mild hybrid 48 volt options on all models, representing one of the broadest electrified car offerings of any car maker. This means that there will in future be no Volvo cars without an electric motor, as pure ICE cars are gradually phased out and replaced by ICE cars that are enhanced with electrified options. “This announcement marks the end of the solely combustion engine-powered car,” said Mr Samuelsson. “Volvo Cars has stated that it plans to have sold a total of 1m electrified cars by 2025. When we said it we meant it. This is how we are going to do it.”
The announcement underlines Volvo Cars’ commitment to minimising its environmental impact and making the cities of the future cleaner. Volvo Cars is focused on reducing the carbon emissions of both its products as well as its operations. It aims to have climate neutral manufacturing operations by 2025. The decision also follows this month’s announcement that Volvo Cars will turn Polestar into a new separately-branded electrified global high performance car company. Thomas Ingenlath, Senior Vice President Design at Volvo Cars, will lead Polestar as Chief Executive Officer.