Clariant Appoints New Chief Financial Officer

Innovative chemistry company Clariant announced the appointment of Stephan Lynen as Chief Financial Officer effective 1 April 2020. A financial expert and Head of Business Unit Contributions, he has worked with the company for more than 20 years in various international general management and business roles. The Board of Directors accepted Patrick Jany's resignation at its meeting yesterday and expressed its appreciation for his achievements at Clariant. The Board also approved the appointment of Stephan Lynen as the new Chief Financial Officer. With Stephan Lynen's appointment, Clariant continues the transformation of the Executive Committee in line with Clariant's business transformation. Clariant Chief Executive Officer Hariolf Kottmann said, "We are very pleased that Stephan Lynen will join the Executive Committee as Clariant CFO. He has an excellent profile for this important role with his extensive business experience, general management skills and deep expertise in finance. Based on his superior ability in strategy implementation and his broad knowledge of our customers, he will play a leading role in shaping Clariant's future." Hariolf Kottmann said, "At the same time, we very much regret Patrick Jany's decision to leave Clariant. Patrick Jany has been with our company for 25 years and played an important role in our success story. He joined Clariant following a successful career at Sandoz and helped shape our company's development from the beginning. We wish him all the best in his future endeavors as CFO of A.P. Moller - Maersk." During Patrick Jany's tenure as CFO since 2006, Clariant underwent various structural changes, including a fundamental reorganization of the company, the acquisition of Süd-Chemie and the company's repositioning. In his Investor Relations responsibilities, Patrick Jany established excellent relationships with the financial community, which were vital to the successful implementation of Clariant's strategy.