August 20, 2018 / 2:14 PM / 3 months ago

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)

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