Evonik Industries AG (Essen, Germany; www.evonik.com) announced that Klaus Engel, Chairman of Evonik’s Executive Board, is to hand over responsibilities to his designated successor, Christian Kullmann. Engel will be leaving the company at the end of the Annual Shareholders’ Meeting on May 23, 2017, at which time Kullmann will take over as chairman.
“We thank Mr. Engel for his service to the company and for his outstanding achievements,” said Werner Müller, Chairman of the Supervisory Board. “Mr. Engel has transformed Evonik from a conglomerate to a company focused on chemicals, successfully listed it on the stock market, and developed it into a leading specialty chemicals company with outstanding prospects.” Müller specifically mentioned the acquisition of the Air Products specialty additives business, which Engel achieved in May 2016. Engel was originally appointed to the Board of Management of what was then Degussa in 2007, becoming Chairman in 2009.
He has worked closely with Christian Kullmann for many years. “Having spent more than three decades in fascinating managerial roles in the chemical industry, Evonik’s tenth anniversary seems to me to be an appropriate time to ensure a smooth transition and hand over a well-tilled field to my successor,” said Engel. “The goal of transforming Evonik into a listed, world-leading specialty chemicals group has been achieved. I am grateful that I was able to play a key part in shaping the development of this company over the past ten years.”
Christian Kullmann has worked for the company for 14 years and was appointed Deputy Chairman of the Executive Board in May 2016. His responsibilities include strategy, M&A, Legal, Communications and Investor Relations. “I sincerely thank Mr. Engel for our trustful collaboration,” said Kullmann. “I look forward to taking on this new role and thank the Supervisory Board for its confidence in me.”
Harald Schwager will be joining Evonik on September 1 as the new Deputy Chairman of the Executive Board, with responsibility for chemicals and innovation. Schwager is a chemist and a member of the Board of Executive Directors of BASF, which he will be leaving in May. “Mr. Schwager and I share the same views on how to lead and drive forward an international specialty chemicals group,” said Kullmann. “I and my colleagues on the Executive Board are looking forward to working with him.”