News: Lanxess AG (LXSG.DE)
Thu, Mar 6 2014
* Sees need to start afresh after cash discipline "abandoned"
FRANKFURT, March 6 - Lanxess AG on Thursday said Matthias Zachert, currently Chief Financial Officer of Merck KGaA, would take over as Chief Executive of Lanxess from April 1, 2014.
* Shares down 4 percent (Adds industry background, CEO change, 2014 outlook)
* Lanxess shares up almost 9 pct, Merck shares down 10 pct
FRANKFURT, Jan 27 - Shares in German synthetic rubber specialist Lanxess gained 8 percent on Monday after news its well-regarded former chief financial officer was returning from Merck KGaA to take up the top job at the group.
* Lanxess: CEO Heitmann quits "by mutual agreement" with board
FRANKFURT, Jan 26 - German synthetic rubber maker Lanxess said on Sunday that Chief Executive Axel C. Heitmann will step down and that it would appoint Matthias Zachert, the current financial chief of Merck KGaA as his successor.
FRANKFURT - Lanxess , the world's largest maker of synthetic rubber, expects earnings to rise again in 2014, helped by a cost-cutting program, its chief executive was quoted saying in an interview.
FRANKFURT, Dec 21 - Lanxess, the world's largest maker of synthetic rubber, expects earnings to rise again in 2014, helped by a cost-cutting programme, its chief executive was quoted saying in an interview.
FRANKFURT, Dec 16 - German speciality chemicals company Lanxess said it will increase prices worldwide for rubber chemicals from next year to offset raw material cost increases in the first quarter.