Speciality chemicals maker AkzoNobel has announced the appointment of Renier Vree as Chief Financial Officer for its Speciality Chemicals division.

Vree joins the company following his resignation at Arcadia, where he spent eight years as CFO and member of the board.

Effective March 1, 2018, Vree joins the AkzoNobel team while the company is in the process of selling its Speciality Chemicals division, worth an estimated $12 billion, in order to generate revenue for shareholders following the failed PPG takeover bid last year.

Werner Fuhrmann, CEO of AkzoNobel Specialty Chemicals, said of the appointment, “Renier will be an outstanding addition to our senior management team. He brings impressive executive experience with a strong track record of delivering operational performance, and will be instrumental in delivering on our ambitious growth plans.”