Sector News

Bayer names Frank Lutz as MaterialScience CFO

September 23, 2014
Chemical Value Chain
(Reuters) – Germany’s Bayer BAYG.DE named Frank Lutz as chief financial officer of its plastics unit MaterialScience, which it plans to float on the stock market as a separate company.
 
Lutz, 45, is currently CFO of retail group Aldi Sued. He will take up his appointment on Oct. 1, replacing Axel Steiger-Bagel, who will become senior Bayer representative for the Benelux countries, Bayer said on Tuesday.
 
(Reporting by Georgina Prodhan; Editing by Edward Taylor)

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