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2021-02-09

LANXESS Names New CFO for North America

  • Outgoing CFO Relocating to Company HQ in Germany as Planned

Pittsburgh, Pennsylvania –  LANXESS today announced that Christian Meiners has been named as the specialty chemical company’s new Chief Financial Officer in North America.

 

Mr. Meiners, who has been with the company at its German headquarters since 2005, assumes the role of CFO effective immediately. Meiners has held several positions within the LANXESS Group, most recently acting as the Head of Business Analysis & Forecasting – a position he began in 2015 – and Head of Financial Accounting.

 

“Over the past 15 years, I’ve had the opportunity to see a dramatic transformation at LANXESS,” Meiners said. “Market growth – both organically and through acquisition – is our focus and North America is expected to play a big role in that over the coming years. While I may not be able to meet everyone in person just yet, I am excited to get started right away to work with colleauges at our sites and locations across North America.”

 

As CFO, Meiners will oversee the financials for LANXESS’ 28 locations across the U.S., Canada, and Mexico.

 

“Christian’s experience and proven track record of delivering profitable growth will be extremely valuable for our organization,” said Antonis Papadourakis, President and Chief Executive Officer, LANXESS Corporation. “Obviously, the pandemic could make it difficult to appoint such a critical role within our company, but we’ve had transition plans in place and are fortunate to have Christian and his knowledge of the business which will create a seamless transition.“

 

Meiners replaces outgoing CFO Frederic Schott in a long-term plan that had been slightly delayed due to the COVID-19 pandemic. The two have worked closely over the past several months to ensure an orderly transition.

 

Schott, who has also been with LANXESS since 2005, leaves his post as Vice President and CFO after three years in Pittsburgh, home of the company’s North American Regional headquarters. He will relocate to Cologne, Germany and serve as the Head of Process and Data Governance in the LANXESS Group’s Global Business Services function.

 

“Our organization is stronger – financially and digitally – thanks to Frederic’s leadership, experience, and capabilities. It has been a pleasure to work with him, and we all wish him continued success,” said Papadourakis.

 

After serving as Private First Class in the German Army, Meiners received his education in accounting and finance, taxes, and banking at the The Philipps University of Marburg (Germany) He is fluent in German and English.

 

Meiners will reside in the Pittsburgh region with his wife and four children.

 

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LANXESS is a leading specialty chemicals company with regional headquarters in Pittsburgh, Pennsylvania and 2,037 employees working at 25 facilities across North America. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics.  The company operates in 10 U.S. states, as well as multiple sites in Canada. Global sales in 2019 for the Cologne, Germany-based company were $7.6 billion, with North American operations accounting for $1.7 billion.

 

Globally, the company currently has about 14,300 employees in 33. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

 

 

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

 

Information for editors:

All LANXESS news releases and their accompanying photos can be found at press.lanxess.com. Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com.

 

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

 

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Michael Mackin
External Communications

Phone: +1 412-290-5491