Michael Zobel to head LANXESS subsidiary Saltigo
Torsten Derr to leave LANXESS in mid 2020
CologneFebruary 10, 2020
Personnel change at specialty chemicals company LANXESS: Michael Zobel (50), currently head of the High Performance Materials (HPM) business unit, will take over the management of LANXESS subsidiary Saltigo from Torsten Derr (50) on June 1, 2020. Saltigo is one of the leading suppliers in the field of custom manufacturing for customers in the agrochemical, pharmaceutical and specialty chemicals industries. Torsten Derr will leave LANXESS on June 30, 2020, to take up the position of Chairman of the Board of Management of SGL Carbon SE.
“Torsten Derr has had a very successful time at LANXESS and has achieved a great deal, particularly at Saltigo in recent years. I would like to thank him for his work and wish him all the best for his new task. I congratulate him very much on his new position,” said LANXESS CEO Matthias Zachert. Torsten Derr has headed Saltigo since April 2016 and previously held various positions at Bayer and LANXESS since 1998.
“We are delighted to have won Michael Zobel, an experienced manager from our own ranks, to head Saltigo. Over the past ten years, he has strategically realigned our high-tech plastics business and made it fit for the future. I wish him every success in his new role,” said Zachert. Michael Zobel has been head of the LANXESS High Performance Materials business unit since October 2010. Its portfolio comprises mainly high-tech plastics for the automotive and electrical industries. Prior to this, he held various positions at Bayer and LANXESS since 1997.
The name of Michael Zobel’s successor as head of the HPM business unit will be announced at a later date.
“Torsten Derr has had a very successful time at LANXESS and has achieved a great deal, particularly at Saltigo in recent years. I would like to thank him for his work and wish him all the best for his new task. I congratulate him very much on his new position,” said LANXESS CEO Matthias Zachert. Torsten Derr has headed Saltigo since April 2016 and previously held various positions at Bayer and LANXESS since 1998.
“We are delighted to have won Michael Zobel, an experienced manager from our own ranks, to head Saltigo. Over the past ten years, he has strategically realigned our high-tech plastics business and made it fit for the future. I wish him every success in his new role,” said Zachert. Michael Zobel has been head of the LANXESS High Performance Materials business unit since October 2010. Its portfolio comprises mainly high-tech plastics for the automotive and electrical industries. Prior to this, he held various positions at Bayer and LANXESS since 1997.
The name of Michael Zobel’s successor as head of the HPM business unit will be announced at a later date.
LANXESS is a leading specialty chemicals company with sales of EUR 6.7 billion in 2023. The company currently has about 12,400 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Sustainability Index and the MSCI ESG and ISS ESG ratings, among others, for its commitment to sustainability.
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 accepts any liability whatsoever arising directly or indirectly from the use of this document.
