LANXESS renews contract with CEO Matthias Zachert ahead of time

Cologne, May 12, 2018: At its ordinary meeting today, the Supervisory Board of LANXESS AG appointed Matthias Zachert (50) as Chairman of the Group’s Board of Management for another five years, thus renewing his contract ahead of time. His new term in office will begin on April 1, 2019.

“Under the management of Matthias Zachert, LANXESS has undergone a fundamental change and is back on track for success. By renewing his contract, we are underlining our confidence in Matthias Zachert and sending a signal of continuity,” declared Dr. Rolf Stomberg, Chairman of the Supervisory Board.

Zachert has been Chairman of the LANXESS Board of Management since April 1, 2014. He had been the Group’s Chief Financial Officer from 2004 to 2011, playing a key role in establishing the global financial organization and restructuring the portfolio. From June 2011 to March 2014, he was a member of the Executive Board and Chief Financial Officer of Merck KGaA.

Forward-Looking Statements

This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person’s officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

LANXESS is a leading specialty chemicals company with sales of EUR 9.7 billion in 2017 and about 19,200 employees in 25 countries. The company is currently represented at 74 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Corporate Comm India(CCI Newswire)