The Supervisory Board of LANXESS AG appointed Matthias Zachert (55) as CEO of the Group for a further five years, thus extending his contract. The new mandate will begin on April 1, 2024.

“Matthias Zachert has decisively transformed LANXESS in just a few years: A manufacturer of commodities has become a true specialty chemicals company,” explained Dr. Matthias Wolfgruber, Chairman of the Supervisory Board. “This new focus offers great opportunities for LANXESS’ continued economic success. The Supervisory Board is convinced: Matthias Zachert is the right man to fully exploit this potential and continue to drive the Group forward in the coming years.”

Zachert has been Chairman of the Board of Management of LANXESS AG since April 1, 2014. He was already the Group’s Chief Financial Officer from 2004 to 2011 and played a key role in establishing the global finance organization and restructuring the portfolio. From June 2011 to March 2014, he was a member of the Executive Board and Chief Financial Officer of Merck KGaA.