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.
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).