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AkzoNobel to restructure decorative paints

8:34 AM MDT | October 4, 2013

AkzoNobel says 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 says it aims to accelerate profitable growth in Europe and emerging markets. The number of regions in the top-level structure of the decorative paints business will be reduced from eight to five: northern Europe and Central Europe, southeastern Europe and Africa, India and Southeast Asia, Latin America, and China and northern Asia. Several global...

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