BASF announced today that its supervisory board has decided to reduce the size of the company’s board of executive directors from seven to six effective 1 January 2020, as part of ongoing efficiency measures. Board member Sanjeev Gandhi will leave the company at his own request, the company says. He was appointed to the board in December 2014. In addition, as part of the ongoing reorganization, the cross-functional service units global engineering services, global digital services, and global business services will provide end-to-end services worldwide.
BASF said in June this year that it will cut 6,000 jobs, almost 5% of its workforce, by the end of 2021 as part of a plan to reshape its organization. The plans should result in annualized savings of €300 million ($335 million), generating an additional €2 billion/year of earnings from the end of 2021, the company said.
Following these changes, the board of executive directors has decided to reassign the responsibilities with effect from 1 January 2020.
Martin Brudermüller, 58, is chairman of the board of executive directors and CTO. His additional responsibilities include corporate legal, compliance, tax & insurance, corporate development, corporate communications & government relations, HR, and investor relations.
Hans-Ulrich Engel, 60, is vice chairman and CFO and has responsibilities for global procurement, global business services, global digital services, and corporate audit.
Saori Dubourg, 48, is board member in charge of agricultural solutions, care chemicals, nutrition & health, construction chemicals, bioscience research, as well as Europe.
Michael Heinz, 55, is board member in charge of industrial relations, director global engineering services, corporate environmental protection, and health & safety; European site & Verbund management; and is in charge of South America.
Markus Kamieth, 48, located in Asia is responsible for catalysts, coatings; dispersions & pigments, performance chemicals, advanced materials & systems research, BASF new business, Greater China, South & East Asia, and ASEAN & Australia/New Zealand.
Wayne Smith, 59, based in North America is responsible for monomers, performance materials, petrochemicals, intermediates, market & business development, site & Verbund management North America, country platforms North America, and process research & chemical engineering.
By Natasha Alperowicz
Source: Chemical Week
Synthomer announced the appointment of Lily Liu as Chief Financial Officer (CFO). Lily will take up the role no later than 1 July 2022, succeeding Steve Bennett who announced in August 2021 that he would step down once a suitable successor was in place.
Westlake Chemical (Houston, Texas) has reached agreement to acquire Hexion’s (Columbus, Ohio) epoxy business for approximately $1.2 billion. Westlake says the deal enhances chlorine and olefins integration and brings attractive opportunities in high-growth epoxy markets, including wind turbine blades, automotive lightweighting, aerospace and consumer coating applications.
Tetra Pak Iberia is launching a gamified app experience in partnership with digital studio Appetite Creative. The technology is enabled though scannable QR codes printed on drinking cartons and available to all brands in Southern Europe.