LANXESS AG Board of Management Chairman Axel C. Heitmann and the entire Board of Management from Germany joined LANXESS Corporation executives and many special guests last night at the Carnegie Museum of Art for a gala dinner event, where they hosted key customers, media and political leaders.
At the dinner, Heitmann spoke about the significant role of the United States in the continued success of LANXESS and expressed LANXESS’s renewed commitment to the region and Pittsburgh. He also described the many ways LANXESS is helping the environment through production improvements, energy savings initiatives and green chemistry innovations.
While in Pittsburgh, Heitmann also announced plans to develop a new Regional Organization combining the service organizations of the U.S. and Canada. The combined North American Service Organization will be headed by LANXESS Corporation President and CEO Randy Dearth, who will be named the Managing Director, Region North America. Dearth will retain his role as President and CEO of LANXESS Corporation in the U.S., headquartered in Pittsburgh. Alexander (Sandy) Marshall will assume the role of Country Representative Canada, reporting to Randy Dearth. Both LANXESS Corporation and the Canadian organization, LANXESS Inc., will remain operational as separate legal entities.
“I have every confidence that this proactive model will be another successful example of LANXESS innovation,” Heitmann said. “Randy Dearth has exhibited proven leadership skills in the United States and will seamlessly transition his management style to this regional organization.”
The structure of the combined new regional organization will be finalized and announced in the fourth quarter of 2008.
Last week, LANXESS stated its strongest quarterly earnings in the company’s history. The company also revealed plans to relocate its global headquarters from Leverkusen to Cologne, Germany by 2011.
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