Marcel Beermann to head LANXESS’ Global Procurement and Logistics group function

Cologne – Marcel Beermann (47) will take over as head of the Procurement and Logistics group function at specialty chemicals company LANXESS on June 1, 2020. He succeeds Frederique van Baarle (48), who will become head of the High Performance Materials business unit on the same date. Beermann is currently head of marketing and sales for high-performance plastics in the Europe, Middle East and Africa (EMEA) region at LANXESS.

“Over the past one and a half years, Marcel Beermann has been able to further deepen his profound understanding of the markets and players in the chemical industry in a leading position in our operational business. He has done an excellent job here, as he did during his ten years as head of the Mergers & Acquisitions group function. I am very pleased that he can now contribute his extensive know-how to our global purchasing and logistics operations and wish him every success in his new role," said Hubert Fink, member of the LANXESS Board of Management.

After studying business administration, Marcel Beermann was a member of the corporate finance team at Dresdner Kleinwort Wasserstein (Dresdner Bank AG) where he advised international clients on corporate transactions. He joined LANXESS in 2005. He started in the Mergers & Acquisitions group function, which he headed for over ten years from 2008. At the end of 2018, Beermann moved to the High Performance Materials business unit as head of EMEA Marketing & Sales Engineering Plastics.

LANXESS is a leading specialty chemicals company with sales of EUR 6.8 billion in 2019. The company currently has about 14,300 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Cologne, 	April 8, 2020
dae		(2020-00031e)

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.

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