Clariant CEO Ernesto Occhiello resigns after just 10 months at the helm of the company

Negotiations with SABIC concerning creation of Business Area High Performance Materials continue

Ernesto Occhiello.
Ernesto Occhiello.

Clariant announced that Ernesto Occhiello, CEO and member of the executive committee, has decided to leave the company for personal reasons with immediate effect. Occhiello became CEO of Clariant in October 2018. The board of directors accepted his resignation. The board asked Hariolf Kottmann, chairman of the board of directors of Clariant, to assume his responsibilities in the interim as executive chairman until a successor is found.

“We thank Ernesto Occhiello for his support of the company in a challenging phase and his contributions to strengthening the company’s position as a market leader in specialty chemicals during the past months,” said Kottmann.

Kottmann added: “Clariant will continue to implement its strategy and intends to continue to profitably grow in the market by providing specialised products and solutions that meet global challenges with attractive prospects and above average growth potential. This is safeguarded by a stable structure of shareholders who support our strategy.”

Negotiations with SABIC concerning the creation of a Business Area High Performance Materials continue.

Clariant’s executive committee will consist of Hariolf Kottmann, executive chairman, Patrick Jany, chief financial officer, and Hans Bohnen, chief operating officer. In order to comply with Swiss governance rules, Eveline Saupper has been appointed independent lead director of the board.

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