Akzo Nobel Appoints M. Kennith Frank, III as General Counsel.CHICAGO--(BUSINESS WIRE)--June 16, 1999-- Akzo Nobel (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AKZOY) has appointed M. Kennith Frank, III to Senior Vice President and General Counsel of Akzo Nobel Inc. Mr. Frank was the chief legal officer for the operations of Courtaulds Plc. in the Americas from 1991 until the acquisition of Courtaulds by Akzo Nobel last year. In his new position, Mr. Frank will have offices at Akzo Nobel's facilities in Dobbs Ferry, NY. Mr. Frank replaces Peter S. Gold who is retiring as General Counsel after a 33-year career with Akzo Nobel. Mr. Frank, is a graduate of the Foreign Service School at Georgetown University and the National Law Center at George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. . He has been active in the American Bar Association American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law and he is a member of the International Association of Defense Counsel where he has served as a member of the Executive Committee as well as Chairman of the Corporate Counsel Committee. He is also a member of the Defense Research Institute. Akzo Nobel, based in Arnhem, The Netherlands, serves customers throughout the world with healthcare products, coatings, chemicals and fibers. The fibers business, now known as Acordis, will be demerged. The company currently employs approximately 86,000 people in more than 70 countries. Consolidated sales for 1998 totaled $ 13.8 billion (NLG NLG The ISO 4217 currency code for the Dutch Guilder. 27.5 billion / EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12.5 billion / GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8.4 billion). Financial results for the second quarter of 1999 will be announced on July 28. In North America approximately 10,000 people in more than 125 locations are employed by the company, which has U.S. headquarters in Chicago. Most of Akzo Nobel's global businesses are present in North America. There are 21 principal business units, each assigned to one of the four main areas of business - healthcare products, coatings, chemicals and fibers. The company has annual sales of approximately $3 billion. Akzo Nobel's American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs) are traded on NASDAQ under the AKZOY symbol. |
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