Change in board of management at Lanxess

ERJ staff report (TP)

Cologne, Germany – Werner Breuers, board member of Lanxess AG and up to now responsible for the segments Performance Polymers and Advanced Intermediates, will leave the company.

The decision is at his own request and he will leave after his contract ends on 31 May 2015, in order to "pursue new challenges".

Breuers will leave the board of management with immediate effect. He will, however, remain in an advisory role to Lanxess for a transitional period.

“We thank Mr. Breuers for his work and wish him all the best for his future,” said Rolf Stomberg, chairman of the supervisory board of Lanxess AG.

The supervisory board has with immediate effect handed over the responsibility for the segments Performance Polymers and Advanced Intermediates to Matthias Zachert, chairman of the board of management of Lanxess AG, on a temporary basis. The company intends to fill the vacated position in the board of management in the next twelve months.

Related story: Lanxess pressing ahead with restructure plans.