Chairman of chemicals company Lanxess Dr Rolf Stomberg will resign from the supervisory board after the annual stockholders' meeting on 15 May, and will be replaced by Dr Matthias L Wolfgruber. Dr Stomberg was re-elected to the board in 2015 knowing that he didn't intend to hold office the entire term, and he feels that now is the right time to leave given that the company is back on track for growth. The new chairman will be elected by the Supervisory Board at its constituent, first meeting after the Annual Stockholders’ Meeting in 2018. The CEO of chemical giant BASF has announced his resignation as chairman of the company's Supervisory Board at a press conference in Frankfurt.
Chairman of chemicals company Lanxess Dr Rolf Stomberg will resign from the supervisory board after the annual stockholders' meeting on 15 May, and will be replaced by Dr Matthias L Wolfgruber. Dr Stomberg was re-elected to the board in 2015 knowing that he didn't intend to hold office the entire term, and he feels that now is the right time to leave given that the company is back on track for growth. The CEO of chemical giant BASF has announced his resignation as chairman of the company's Supervisory Board at a press conference in Frankfurt.