Lanxess appoints new CFO following Zachert’s resignation

At its February 3 extraordinary meeting, the Lanxess AG Supervisory Board agreed to revoke the contract of chief financial officer and Board of Management member Matthias Zachert. This measure was taken at Zachert’s request, Lanxess reports. The 43-year old has served on the Lanxess Board of Management since 2004.

“We greatly regret the decision of Mr. Zachert to end his work here at Lanxess to address a new challenge,” said Dr. Rolf Stomberg, head of the Lanxess AG Supervisory Board. “In the last seven years at Lanxess, Mr. Zachert has significantly contributed to the successful development of the company. He not only established the global finance organisation but also played a key part in the restructuring of the portfolio and repositioning of Lanxess. He was highly recognised 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.”

 Board of Management chairman Dr. Axel C. Heitmann added: “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. He has provided a great service to the company and significantly contributed to the financial performance over the last years as well the current financial strength of the group.”

 Zachert’s roles within the company will be filled by Dr. Bernhard Düttmann, who joins Lanxess from Beiersdorf AG and begins in his new capacity on April 1. “The Supervisory Board is pleased to have gained an experienced chief financial officer of a recognised company for the CFO role at Lanxess AG and would like to wish him success in his new position,” Heitmann added. “We are looking forward to welcoming Dr. Düttmann as a new Member of our Board of Management of Lanxess AG as of April. He does not only distinguish himself by his many years of experience but is also very familiar with the important growth regions of Latin America and Asia.”