Specialty chemicals company LANXESS AG has announced that the company’s Supervisory Board has appointed Matthias Zachert as Chairman of the Group’s Board of Management for another five years. The company has decided to renew the contract of Zachert ahead of time, with his new term in office beginning on 1 April, 2019.
Zachert has been the Chairman of the LANXESS Board of Management since April, 2014. Prior to that, he had been the Group’s Chief Financial Officer from 2004 to 2011, playing a key role in establishing the global financial organisation 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.
Dr Rolf Stomberg, Chairman, Supervisory Board, LANXESS, said the company has undergone a fundamental change under the management of Matthias Zachert and is back on track for success. By renewing his contract, LANXESS is underlining its confidence in Zachert and sending a signal of continuity, he added.