Specialty chemicals company, Lanxess has announced personnel changes on both the Supervisory Board and the Board of Management.
The Supervisory Board has proposed Lawrence A Rosen, member of the Board of Management of Deutsche Post AG, and Dr. Matthias Wolfgruber, chairman of the Management Board of Altana AG, to be elected as members of the Supervisory Board.
It has also proposed to appoint Michael Pontzen as a member of the Board of Management effective April 1, 2015. He will assume the role of chief financial officer (CFO) at the specialty chemicals company. After studying business administration, Michael Pontzen held various positions at Ferrostaal AG, MAN AG and EADS. He joined Lanxess in November 2004 as head of the Investor Relations Group Function.
Pontzen will succeed Dr. Bernhard Düttmann, who is quitting the company effective March 31, 2015. Supervisory Board members Rainer Laufs and Robert J Koehler are also set to quit the firm, Lanxess informed in a media statement.
Dr. Rolf Stomberg, the Supervisory Board chairman said, “Laufs and Koehler are due the thanks of the entire company. They have significantly contributed to Lanxess having developed well within a decade. The work of the Lanxess Supervisory Board will be enhanced especially by Wolfgruber’s experience as the CEO of a leading global specialty chemicals company and Rosen’s international background and profound knowledge of the chemical and pharmaceutical industries.”
“We would like to thank Dr. Düttmann for his outstanding work in the past years and wish him well on his future career path. In Michael Pontzen, we have appointed an experienced financial expert from within the company to be the CFO of Lamxess AG,” he added.
Lanxess is a leading specialty chemicals company with sales of € 8.3 billion in 2013 and about 16,700 employees in 29 countries. The core business of the company is the development, manufacturing, and marketing of plastics, rubber, intermediates, and specialty chemicals.
