LANXESS Renews Contract Of Matthias Zachert As CEO For Additional Five Years

LANXESS Renews Contract Of Matthias Zachert As CEO For Additional Five Years

LANXESS Renew Contract Matthias Zachert CEO Five Years

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.

Naveen Arul
Author: Naveen Arul
As a Principal Correspondent based out of Bengaluru, Naveen has been covering the southern and western regions of the country for development of editorial content for the magazine, as well as website. Passionate about automobiles (two- and four-wheelers) from a very young age, Naveen has had the opportunity to learn and write about technologies in this sphere ever since he joined ATR in 2013. His personal interests predominantly revolve around learning mechanical aspects of any system and trying to work on them himself. He tweets @naveenarul