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 Cognis Appoints New CFO: Klaus Edelmann To be Succeeded by Marco Panichi - Ink World Magazine

What are you searching for?

Sign in
Industry News

Cognis Appoints New CFO: Klaus Edelmann To be Succeeded by Marco Panichi

Author Image

By: DAVID SAVASTANO

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

Klaus Edelmann will leave the position of chief financial officer in the management board of Cognis on Oct. 1, 2009, and become a member of the supervisory board. His designated successor as CFO is Marco Panichi.
    
Mr. Edelmann has been CFO of Cognis since November 2006. Under his leadership, the company’s financing structure and liquidity position have been significantly improved and its debt has been reduced. His contribution to the realignment of the company’s portfolio and the extensive initiatives to optimize cost structures and efficiency have been instrumental in helping Cognis to weather the current tough economic times successfully. Mr. Edelmann will continue to serve the company as a member of the supervisory board, and will advise the owners in a consulting capacity.
    
Mr. Panichi started his career with Henkel in 1997, and has been with Cognis since the company started trading in 1999. As head of corporate development from 2002 to 2005, he made a major contribution to the implementation of strategy, particularly the decision to focus on Cognis’ core businesses.
    
From 2006 until the end of 2008, Mr. Panichi was based in Malaysia as CFO of the Cognis Oleochemical global joint venture, with responsibility for all administrative functions. He helped the joint venture to become more independent, and played a significant role in its subsequent sale. Mr. Panichi is currently group vice president of corporate controlling and development at Cognis GmbH, reporting directly to Mr. Edelmann.

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