New Organizational Structure for Evonik Chemicals Business Area

2007-12-14 Manufacturing News

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The Supervisory Board of Evonik Degussa GmbH plans to bundle the resources and experience of the Chemicals Business Area into six new business units.

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Coninciding with the departure of Dr Manfred Spindler, who is leaving the management board of Evonik Degussa GmbH, Evonik´s Chemicals Business Area is getting a new organizational structure. This was decided by the Supervisory Board of Evonik Degussa GmbH at their meeting held this week. The twelve Chemicals Business Units will be consolidated into six units. The existing Technology Specialties, Consumer Solutions and Specialty Materials reporting segments remain unaffected by this. The reorganization work will commence at the beginning of 2008 and should be quickly completed in six months.

On our way to the capital markets the new structure will make a considerable contribution to more efficiency and market orientation in the Group overall. By doing so we will be ensuring that our businesses have the necessary critical mass in each of their worldwide markets. We are doing this by bundling the resources and experience of the Chemicals Business Area into six new Business Units as follows:

C4 Chemistry and Building Blocks will become Base Chemicals (headed by Dr Thomas Haeberle)
Aerosil & Silanes and Advanced Fillers & Pigments will become Inorganic Materials (headed by Thomas Hermann)
Care & Surface Specialties and Superabsorber will become Consumer Specialties (headed by Dr Claus Rettig)
Feed Additives and Exclusive Synthesis & Catalysts will become Health & Nutrition (headed by Dr Hubert Wennemer)
Coatings & Colorants and Specialty Acrylics will become Coatings & Additives (headed by Dr Hans-Peter Schaufler; will be succeeded by Dr Ulrich Kusthardt at a later point)
High Performance Polymers and Methacrylates will become Performance Polymers (headed by Gregor Hetzke)

In conjunction with the introduction of a new organizational structure for the Chemicals Business Area of Evonik Industries AG, Dr Manfred Spindler (58) will be leaving the management of Evonik Degussa GmbH by mutual agreement on January 31, 2008. Dr Spindler will remain active for Evonik in his new function as a member of the Evonik Degussa GmbH Supervisory Board.

For over 30 years Dr Spindler did a variety of tasks for the Group. He was a member of the Management Board of the former Degussa AG and its successor organisation starting in 1997. The Chairman of the Executive Board of Evonik Industries AG, Dr Werner Muller, and the Chairman of the Executive Board of Degussa GmbH, Dr Klaus Engel, regret the departure of Dr Spindler and thank him for his services in the successful further development of the Group, in particular in the development of Specialty Polymers and the internationalization of the Methacrylates business. They wish him all the best for his future.

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