It has been a rough few years at AkzoNobel Pakistan, but there may finally be light at the end of the tunnel. Rashid has served as the CEO of AkzoNobel Pakistan since November 2017. In 2008, the global parent ICI was bought out by Dutch paints and chemicals giant AkzoNobel, following which ICI Pakistan became part of AkzoNobel worldwide. The spin-off, labelled a “demerger”, was completed in May 2012, creating two separate companies: AkzoNobel Pakistan and ICI Pakistan, though at the time, both were owned by the global AkzoNobel. Resultantly this could well be the last time that we will be reporting on the financials of AkzoNobel Pakistan.

Source: Pakistan Today March 09, 2020 03:00 UTC