Directorate change
19 March 2009 - 5:30PM
UK Regulatory
TIDM0H9V
Clariant Appoints Mathias Lütgendorf Member of the Executive
Committee
Muttenz, March 19, 2009 - Clariant, a world leader in specialty
chemicals, has appointed Mathias Lütgendorf as a member of its
Executive Committee, effective April 1, 2009. He will assume
responsibility for the Textile, Leather and Paper Businesses as well
as for the company's Asian region. Peter Brandenberg, currently head
of the Textile, Leather and Paper Chemicals (TLP) Division will
retire after a highly successful career with Clariant spanning 38
years including 14 years as a member of the Executive Committee.
At the same time the decision has been made to operationally separate
the Textile, Leather and Paper Business Units from each other by the
end of 2009. This move will enable each business to be managed as a
stand alone unit, providing the operational and strategic flexibility
required to improve their profitability. The three Business Unit
heads as well as the heads of Controlling and Production and
Technology of the current structure will report directly to Mathias
Lütgendorf.
Mathias Lütgendorf was member of the Executive Committee of privately
held textile dyes and chemicals producer DyStar until the end of
2008, where he was responsible for Global Operations. Prior to this
he had held several management positions within DyStar and Hoechst.
He holds a PhD in chemistry from the Rheinisch-Westfälische
Technische Hochschule Aachen, Germany.
"I am very pleased with the appointment of Mathias Lütgendorf. He is
a senior executive from the chemical industry. His skills and
experience will ensure we navigate our Textile, Leather and Paper
Businesses through difficult times while at the same time increasing
our footprint in Asia", commented Clariant's CEO, Hariolf Kottmann.
"In particular I want to thank Peter Brandenberg for his dedication
and commitment throughout his lifelong career with our company. He
successfully assumed many different management functions in four
continents and leaves a strong impression in our company. Under his
leadership the TLP Division has made significant progress in
increasing its competitiveness."
Clariant - Exactly your chemistry.
Clariant is a global leader in the field of specialty chemicals.
Strong business relationships, commitment to outstanding service and
wide-ranging application know-how make Clariant a preferred partner
for its customers.
Clariant, which is represented on five continents with over 100 group
companies, employs around 20,000 people. Headquartered in Muttenz
near Basel, Switzerland, it generated sales of CHF 8.1 billion in
2008. Clariant's businesses are organized in four divisions: Textile,
Leather & Paper Chemicals, Pigments & Additives, Masterbatches and
Functional Chemicals.
Clariant is committed to sustainable growth springing from its own
innovative strength. Clariant's innovative products play a key role
in its customers' manufacturing and treatment processes or else add
value to their end products. The company's success is based on the
know-how of its people and their ability to identify new customer
needs at an early stage and to work together with customers to
develop innovative, efficient solutions.
www.clariant.com
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