WESEL, Germany--(Business Wire)--
The Supervisory Board of the specialty chemicals Group ALTANA AG has extended
the appointment of Dr. Matthias L. Wolfgruber (55) as Chief Executive Officer
ahead of schedule. With effect from July 01, 2010, Wolfgruber is reappointed for
a period of five years as Chairman of the Management Board that is composed of
himself and Martin Babilas (37), the Chief Financial Officer of ALTANA AG.
Dr. Matthias L. Wolfgruber was born in 1954 in Anger, Bavaria. He studied
chemistry and received his doctorate in this field. From 1985 to 2002, he worked
in various positions with Wacker Chemie AG, his last post being CEO of Wacker
Chemical Corporation in the U.S. In 2002, Wolfgruber joined ALTANA AG, which was
listed in the DAX at that time, as member of the Management Board of the ALTANA
Group and President and CEO of the Chemicals Division. Since 2007, he has been
the CEO of ALTANA AG, headquartered in Wesel, which has focused on specialty
chemicals after the sale of its pharmaceuticals business.
This press release is also available on www.altana.com/press
This press release contains forward-looking statements, i.e. current estimates
or expectations of future events or future results. These statements are based
on beliefs of ALTANA as well as assumptions made by and information currently
available to ALTANA. Forward-looking statements speak only as of the date they
are made. ALTANA does not intend, and does not assume any obligation, to update
forward-looking statements to reflect facts, circumstances or events that have
occurred or changed after such statements have been made.
About ALTANA:
ALTANA develops and produces high-quality innovative products in the specialty
chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a
genuine "global player" with 83% of its sales generated by international
activities. The ALTANA Group has four divisions: BYK Additives & Instruments,
ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings &
Sealants. All of these divisions occupy a leading position in their target
markets with respect to quality, product solution expertise, innovation and
service.
ALTANA offers innovative, environmentally compatible solutions with the matching
specialty products for coating manufactures, paint and plastic processors, the
printing and cosmetic industries, and the electrical and electronic industry.
The product range includes additives, special coatings and adhesives, effect
pigments, sealants and compounds, impregnating resins & varnishes, and testing
and measuring instruments.
At present, the ALTANA Group has 33 production facilities and 46 service and
research laboratories worldwide. Throughout the group 4,700 people work to
ensure the success of ALTANA worldwide. In 2008 ALTANA achieved sales of about
1.3 billion euros. Its impressive earning power and high growth rate make ALTANA
one of the most successful and innovative chemical groups worldwide.
Corporate Communications
Achim Struchholz
Head of Corporate Communications
Tel +49 281 670 2460
or
Sven Kremser
Head of External and
Internal Relations
Tel +49 281 670 746
or
Heike Dimkos
Corporate Communications
Tel +49 281 670 792
Fax +49 281 670-1114
press@altana.com
www.altana.com/press
or
ALTANA AG
Abelstrasse 43
46483 Wesel
Germany
Tel +49 281 670-200
Fax +49 281 670 1114
info@altana.com
www.altana.com
Copyright Business Wire 2009
