Akzo Nobel India announced significant leadership changes on Friday, appointing Parth Jindal as Chairman with immediate effect. The appointment comes following JSW Paints' strategic acquisition of the paints manufacturer last year.

Leadership Transition Details

The board of directors approved Jindal's appointment during their Friday meeting, though the decision remains subject to shareholders' approval. Jindal currently serves as Managing Director of both JSW Paints and JSW Cements, bringing extensive experience in the paints and building materials sectors to his new role.

Strategic Acquisition Background

The leadership change follows JSW Paints' acquisition of a majority stake in Akzo Nobel India in a deal valued at ₹12,915 crores last year. This acquisition established JSW Paints as the company's promoter, marking a significant consolidation in India's paints industry.

Additional Board Changes

The board approved several other key appointments and restructuring measures. Rajiv Rajgopal, currently serving as Chairman and Managing Director, will be re-designated as Joint Managing Director & Chief Executive Officer effective January 9, 2026. His existing terms and conditions, previously approved by shareholders, will remain unchanged.

The board also appointed Shantanu Maharaj Khosla as an independent additional director for a three-year term extending until January 8, 2029. This appointment is also subject to shareholder approval.

Corporate Governance Structure

These appointments reflect the integration process following the JSW Paints acquisition, establishing a new governance structure that combines leadership from both organizations. The changes position Akzo Nobel India for its next phase of growth under JSW's ownership while maintaining operational continuity through existing leadership.

Paints manufacturer Akzo Nobel India announced significant leadership changes on Friday, appointing Parth Jindal as Chairman with immediate effect. The appointment comes following JSW Paints' strategic acquisition of a majority stake in the company last year.

Leadership Transition Details

The board of directors approved Jindal's appointment during a meeting held on Friday, though the decision remains subject to shareholders' approval. Jindal currently serves as Managing Director of both JSW Paints and JSW Cements, bringing extensive experience in the paints and building materials sectors to his new role.

Strategic Context

The appointment follows JSW Paints' acquisition of a majority stake in Akzo Nobel India through a substantial ₹12,915.00 crore deal completed last year. This transaction positioned JSW Paints as the company's promoter, setting the stage for the current leadership restructuring.

Additional Board Changes

The board approved several other key appointments and role modifications. Rajiv Rajgopal, currently serving as Chairman and Managing Director, will be re-designated as Joint Managing Director & Chief Executive Officer effective January 9, 2026. His existing terms and conditions of appointment, previously approved by shareholders, will remain unchanged.

Independent Director Appointment

The board also approved the appointment of Shantanu Maharaj Khosla as an independent additional director. His tenure will span three years, from the appointment date until January 8, 2029, subject to shareholders' approval.

These leadership changes reflect the ongoing integration process following the JSW Paints acquisition, positioning Akzo Nobel India for its next phase of growth under new ownership structure.