Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Change of Leadership in LANXESS Board of Management - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

Change of Leadership in LANXESS Board of Management

Ended appointment of Axel Heitmann as member, chairman of the Board of Management

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The Supervisory Board of LANXESS AG has resolved at its meeting to end, by mutual agreement, the appointment of Axel C. Heitmann as member and chairman of the Board of Management of LANXESS AG, effective the end of February 28, 2014.

The Supervisory Board has appointed as his successor Matthias Zachert, former CFO of LANXESS and currently CFO at Merck KGaA, effective not later than May 15, 2014. Until Zachert joins the Board of Management, LANXESS CFO Bernhard Duettmann will perform the responsibilities of the previous chairman of the Board of Management.

“Mr. Heitmann has played a key role in shaping the company since its creation through consistent restructuring and strategic portfolio measures. He has formed LANXESS into a leading global specialty chemicals company, achieving many noticeable successes,” said Rolf Stomberg, chairman of the Supervisory Board of LANXESS AG. “The Supervisory Board expresses its sincere gratitude and high regard for Mr. Heitmann, also on behalf of all employees.”

“LANXESS is facing significant challenges, for example in terms of market capacities and business portfolio. Therefore, the Supervisory Board believes it is the right time to hand over responsibility to a new leadership in order to overcome these challenges,” said Stomberg. “Mr. Zachert performed excellent work as chief financial officer at LANXESS and has an outstanding reputation among employees as well as in the capital market.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters