International. The Supervisory Board of Lanxess has resolved at a meeting, by mutual agreement, to terminate the contract of Axel C. Heitmann as a member and director of the Company's Board of Directors as of February 28, 2014.
The Supervisory Board has appointed matthias Zachert, former Chief Financial Officer of Lanxess and currently Chief Financial Officer of Merck KGaA, as his successor, a change that will take effect no later than 15 May 2014.
Until Mr. Zachert joins the Board of Directors, Chief Financial Officer Bernhard Duettmann will carry out the responsibilities of the former Chairman of the Board of Directors.
"Mr. Heitmann has played a key role in shaping the company since its inception through coherent restructuring and strategic portfolio measures. He has formed Lanxees as a leading global specialty chemicals company and has achieved several notable successes," said Rolf Stomberg, Chairman of the Supervisory Board.
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