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AkzoNobel to restructure its decorative paints business

5:39 AM MDT | October 2, 2013 | Michael Ravenscroft

AkzoNobel says that it plans to make its decorative coatings business more competitive by reducing the number of senior management teams and introducing a new operating model for the business. The company aims to accelerate profitable growth in Europe and high-growth regions, AkzoNobel says. The number of regions in the top-level structure of the decorative paints business will be reduced from eight to five: north Europe and Central Europe, southeast Europe and Africa, India and Southeast Asia, Latin America, and China and North Asia. Several global...

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