August 20, 2018 / 2:13 PM / in 8 months

Outgoing Axalta CEO to lead Akzo Nobel chemicals

AMSTERDAM, Aug 20 (Reuters) - Charles Shaver, the outgoing CEO of coatings maker Axalta, is set to take the top job at the chemicals division of Dutch paint maker Akzo Nobel , the division’s prospective owners Carlyle and GIC said on Monday.

Axalta said on July 25 Shaver would depart on Sept. 4 to “pursue a unique professional opportunity”.. Akzo Nobel agreed to sell its chemicals division for 10.1 billion euros ($11.6 billion) to Carlyle and Singapore’s wealth fund in March.

Carlyle and GIC said in a statement Shaver’s appointment was pending completion of the chemicals division sale, which is expected before the end of the year. ($1 = 0.8744 euros) (Reporting by Toby Sterling; editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below