Sector News

Lanxess names new head of its Saltigo subsidiary

February 12, 2020
Chemical Value Chain

The Saltigo subsidiary of Germany-based specialty chemical maker Lanxess will have a new CEO by this summer.

Michael Zobel, currently the head of Lanxess’ high performance materials (HPM) business unit, will take over the management of Saltigo from Torsten Derr on June 1.

Saltigo is part of Lanxess’ advanced intermediates segment. The company, which is headquartered in Leverkusen, Germany and has production facilities in Leverkusen and Dormagen, Germany, employs around 1,200 staff internationally.

Derr, who has headed Saltigo since April 2016 and previously held various positions at Bayer and Lanxess since 1998, will be taking up the position of chairman of the board of management of SGL Carbon SE.

Prior to leading Lanxess’ HPM business, Zobel held various positions at Bayer and at Lanxess.

The name of Zobel’s successor as head of the HPM business unit will be announced at a later date.

Source: Canadian Plastics

Related News

February 20, 2020

Wacker to cut 1,000 jobs as part of new efficiency program

Chemical Value Chain

LinkedIn Twitter FacebookWacker Chemie announced today that it is embarking on a major restructuring program, dubbed Shape the Future, to increase competitiveness and profitability. Last month, the company announced the […]

February 20, 2020

China’s chemical sector faces slow post-holiday recovery on labor, logistics due to coronavirus

Chemical Value Chain

LinkedIn Twitter FacebookThe typical post–Lunar New Year holiday recovery in China’s petrochemical sector has been slowed by the logistics constraints and labor shortages stemming from the country’s extensive coronavirus (Covid-19) […]

February 19, 2020

Mondi appoints Andrew King as Group CEO

Chemical Value Chain

LinkedIn Twitter FacebookPackaging and paper group Mondi Plc. said Tuesday that Andrew King, Group Chief Financial Officer and a director of the company, will be appointed as Group Chief Executive […]