Imperial Chemical Industries (ICI)
ExcellerateHRO Facilities Prompt Payout of $235 Million From Share Incentives Plans
When Dutch chemical group AkzoNobel acquired UK-based Imperial Chemical Industries (ICI) in January 2008, the company became part of the largest global paint and coatings manufacturer as well as a major producer of specialty chemicals. ICI brought premium paint brands including Dulux and Glidden that significantly increased AkzoNobel’s market share of the global coatings industry.
With the pending change in ownership, the company anticipated more than 300 participants in seven different share incentive plans would choose to exercise their stock options all at once. ICI looked to ExcellerateHRO’s solution to facilitate a speedy, accurate payout of $235 million in share incentive plans before the tight deadline.
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