The Supervisory Board of K+S Aktiengesellschaft today appointed Dr. Burkhard Lohr as the company’s new Chairman of the Board of Executive Directors. The 53-year-old, who currently serves as CFO of the Group, will succeed Norbert Steiner (61), who is retiring, on May 12, 2017.
”Dr. Burkhard Lohr is an excellent manager with long term experience beyond the financial area and a strong management track record. We are convinced that generational change and the success of the company will be driven forward with Dr. Burkhard Lohr at the helm of the company,” said Chairman of the Supervisory Board Dr. Ralf Bethke.
Upon the appointment of the further Members of the Board of Executive Directors (Chief Financial Officer, Business Unit Potash and Magnesium Products) the Supervisory Board will decide in due course.
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.