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2015-05-11

Leadership change at LANXESS

Pittsburgh, PA – LANXESS Corporation announced today that

Dr. Antonis Papadourakis will assume the responsibilities of President and Chief Executive Officer of LANXESS Corporation and Country Speaker for the NAFTA Region, effective July 1, 2015.  Dr. Papadourakis, who has held the position of Regional Group President Americas at Altuglas International, a subsidiary of Arkema group, since 2012, will in addition, assume the function of Business Unit Head, responsible for all NAFTA activities, of the High Performance Materials business unit (BU HPM).

 

Dr. Papadourakis began his career at Arkema in 2007 as Business Director, Organic Peroxides, Americas.  In September 2008, he was promoted to General Manager, Sustainability Additives and in February 2012, joined Altuglas International.

 

Prior to 2007, Dr. Papadourakis held several positions with Rohm and Haas in Bristol, Pennsylvania, London, England and in Paris, France, including Purchasing Manager for Performance Polymers and Business Manager, Packaging and Converting, Europe.  In 2005, Dr. Papadourakis repatriated to the United States to join Engelhard Corporation (now BASF) as the Global Business Manager for Stationary Source and Indoor Air.

A native of Greece, Dr. Papadourakis earned a degree from the University of Thessaloniki and a PH.D. from the University of Massachusetts, Amherst; both degrees are in Chemical Engineering. Papadourakis is married and has three children.

The current incumbent Flemming B. Bjoernslev, President and Chief Executive Officer is leaving his position at the Pittsburgh-based specialty chemical company to take over new responsibilities within the LANXESS group.  Mr. Bjoernslev has successfully served as President and Chief Executive Officer since October 2012, acting as the Managing Director for the NAFTA Region.

 

 

 

 

 

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 8.0 billion in 2014 and about 16,300 employees in 29 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World and DJSI Europe) and FTSE4Good.

 

Pittsburgh,       May 11, 2015

 

 

About LANXESS High Performance Materials

The High Performance Materials business unit (HPM) compound portfolio includes the two product lines Durethan® and Pocan®, based respectively polyamide (PA) and polybutylene terephthalate (PBT). Both product lines are predominantly used in the automotive industry, as well as in the electrical

and electronics industries.

 

When used in automobiles to replace metals, these plastics significantly reduce weight and costs. They can be processed quickly and efficiently into components that sustain considerable mechanical, chemical and thermal loads, such as pedals, air conduction units for engines, components for

cooling systems and oil pans.

 

Our continuous fiber-reinforced thermoplastic pre-impregnated materials, or “prepregs,” under the Tepex® brand open up new possibilities in lightweight design. In combination  with Durethan®, these fiber composites lend themselves to cost-efficient processing and mass production of many high performance components.

 

By producing caprolactam, PBT and glass fibers, we maintain our own supply of all the necessary inputs for the high-performance materials Durethan®, Pocan® and Tepex® – making us a more reliable partner for our clients.

 

For more information please click the following links: http://lanxess.com/en/corporate/products-solutions/business-units/high-performance-materials/

 

 

Forward-Looking Statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

 

Information for editors:

All LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com. Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com. The  latest TV footage, audiofiles and podcasts can be found at http://multimedia.lanxess.com.

 

You can find further information concerning LANXESS chemistry in our WebMagazine at http://webmagazine.lanxess.com.

 

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