LANXESS Extends CEO Matthias Zachert’s Contract

LANXESS Extends CEO Matthias Zachert's Contract At its ordinary meeting, the Supervisory Board of LANXESS AG appointed Matthias Zachert (55) as Chief Executive Officer of the Group for another five years, thus extending his contract. His new term in office will begin on 1 April 2024. "Matthias Zachert has decisively transformed LANXESS in just a few years: A manufacturer of commodities has become a true specialty chemicals company," commented Dr. Matthias Wolfgruber, Chairman of the Supervisory Board. "This new focus offers great opportunities for LANXESS' continued economic success. The Supervisory Board is convinced: Matthias Zachert is the right man to fully exploit this potential and continue to drive the Group forward in the coming years." Zachert has been Chairman of the Board of Management of LANXESS AG since 1 April 2014. He was already the Group's Chief Financial Officer from 2004 to 2011 and played a key role in establishing the global finance organization and restructuring the portfolio. Source