AkzoNobel chief steps down due to ill health

The chief executive of paints and coatings manufacturer AkzoNobel, Ton Büchner, has stepped down with immediate effect due to health reasons, with Thierry Vanlancker named as his replacement. Büchner joined AkzoNobel in 2012 and is credited with improving the performance of the company, and increasing profitability and cash flow to record levels. The company also…