Change of leadership in LANXESS Board of Management
The supervisory board of LANXESS AG has resolved at its meeting today to end, by mutual agreement, the appointment of Axel C. Heitmann as Member and Chairman of the Board of Management of LANXESS AG, effective the end of February 28, 2014.
LANXESS is facing significant challenges, for example in terms of market capacities and business portfolio. Therefore, the Supervisory Board believes it is the right time to hand over responsibility to a new leadership in order to overcome these challenges.
The supervisory board has appointed as his successor Matthias Zachert, former Chief Financial Officer of LANXESS AG and currently Chief Financial Officer at Merck KGaA, effective not later than May 15, 2014.
Until Mr. Zachert joins the Board of Management, LANXESS Chief Financial Officer Bernhard Duettmann will perform the responsibilities of the previous Chairman of the Board of Management.