Changes lie ahead for the top of the Supervisory Board for the specialty chemicals company LANXESS. The Board’s current Chairman, Dr. Rolf Stomberg (77) will resign from his office as a member and Chairman of the Supervisory Board after the end of the Annual Stockholders’ Meeting on May 15, 2018.
“When I was re-elected to the Supervisory Board in 2015, I announced support for the realignment of LANXESS, but that I would not hold office the entire term. Now the company is doing well and is back on track for growth – it is the right time to leave the Chair of the Supervisory Board to someone new,” said Stomberg. Stomberg has recommended Dr. Matthias L. Wolfgruber (64) to succeed him for the position of Chairman of the Supervisory Board. Wolfgruber has a doctorate in chemistry, served as Chairman of the Board of Management of Altana AG, and has belonged to the supervisory body as a representative for stockholders since 2015. The new chairman will be elected by the Supervisory Board at its constituent, first meeting after the Annual Stockholders’ Meeting in 2018.
Pamela Knapp (60) is expected to be promoted as a new member to the Supervisory Board for LANXESS. Her election will be recommended to stockholders at the Annual Stockholders’ Meeting on May 15, 2018. She graduated in Economics and most recently served as the Chief Financial Officer (CFO) for GfK SE, the listed market research company based in Nuremberg, Germany. Prior to that, she was active in various management roles at the Siemens Group.
LANXESS is a leading speciality chemicals company with sales of EUR 7.7 billion in 2016 and about 19,200 employees in 25 countries. The company is currently represented at 74 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, speciality chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.