The supervisory board of Lanxess AG has revoked the contract of Matthias Zachert, member of the board of management and CFO, as of March 31, 2011. Mr. Zachert had requested the board to do so accordingly. He has been a member of the board since 2004.
Rolf Stomberg, head of the Lanxess AG supervisory board said, "We greatly regret the decision of Mr. Zachert to end his work here at Lanxess to address a new challenge. In the last seven years at Lanxess, Mr. Zachert has significantly contributed to the successful development of the company. He established the global finance organization and also played a key part in the restructuring of the portfolio and repositioning of Lanxess. He was highly recognized within the company as well as by the financial community and decisively strengthened the standing of the company with the rating agencies and equity markets. The supervisory board would like to thank Mr. Zachert for his extraordinary achievements and wishes him all the best for his future career."
Lanxess chairman of the board of management Axel Heitmann said, "My fellow members of the board and I deeply
regret the decision of Matthias Zachert and would like to thank him for his
long and successful work at Lanxess."
Bernhard Düttmann, previously member of the board of management and CFO of Beiersdorf AG, Hamburg, has been appointed member of the board of management and CFO of Lanxess AG as of April 1, 2011.