Clariant Announces Simplified Organization and Leadership

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53LR

  • Clariant to reorganize into three global business units instead of five, with new BU presidents Angela Cackovich, Jens Cuntze and Christian Vang
  • The Executive Committee will be replaced by an Executive Steering Committee which will include the BU Presidents with P&L responsibility
  • Simplified and flatter operating model to support cultural transformation and the execution of Clariant’s targeted growth strategy
  • Modification of the organizational structure to reduce the number of hierarchical layers and complexity
  • Launched the Diversity, Equity and Inclusion (DE&I) roadmap as part of Clariant’s focused strategy Greater chemistry – between people and the planet”
  • Ambitious 2030 goals for gender equality, inclusive culture and cultural identity

MUTTENZ, JUNE 22, 2022

Clariant, a focused, sustainable and innovative specialty chemicals company, today announced changes to its leadership and organizational structure as part of the company’s ongoing initiatives to implement its goal-driven strategy. and its cultural transformation. The new operating model positions Clariant for long-term sustainable growth while remaining committed to its strategic priorities, focusing on customers, innovation, sustainability and people. Clariant also unveiled its Diversity, Equity and Inclusion (DE&I) roadmap with a focus on gender equality, inclusive culture and cultural identity.

As part of the reorganization, Clariant will reduce the number of Business Units (“BUs”) from five to three and locate BU Presidents in regions with the largest customer base and the highest growth potential for the respective businesses. . It will also create a new executive management committee that will include the CEO, CFO and presidents of the new business units, who will have full responsibility for P&L. The new structure will allow Clariant to reduce the hierarchical layers and overall complexity of its business functions. It should promote greater accountability, speed up decision-making processes and strengthen proximity to customers, while reinforcing diversity.

“Clariant has undergone a successful portfolio shift in recent years and is now a true specialty chemicals company. Now is the time to align the organization more closely with customers, businesses and markets. The new setup will further strengthen our sustainability leadership position and establish world-class governance,” said Gunter von AuChairman of the Board of Directors of Clariant.

“With our new operating model and cultural transformation, we will foster better customer focus, greater accountability, responsibility and transparency and adopt a new approach to leadership development by promoting an inclusive and diverse culture – securing Clariant’s position to achieve its 2025 targets, in line with our goal-driven strategy,” said Conrad KeijzerCEO of Clariant.

Clariant will consolidate its existing Catalysts and Business Line Biofuels & Derivatives BUs into a single BU called “Catalysts”, Functional Minerals and Additives into “Adsorbents & Additives”, and Industrial and Consumer Specialties and Oil & Mining Services into “Chemicals”. of maintenance”. The reorganization has no impact on the financial reporting by Business Area during the current financial year.

The new companies will be led by new BU presidents Angela Cackovich, Jens Cuntze and Christian Vang. By being located in their fastest growing regions, they will further increase their proximity to customers.

Angela Cackovich will be the new President of the Adsorbents & Additives BU and of the EMEA region. She will join Clariant’s Executive Steering Committee from Tesa, where she was a member of the Executive Committee. She has gained significant industry experience in a number of roles including Henkel, Celanese, Rohm & Haas as well as Dow Corning and Hoechst. As a German citizen, she holds a master’s degree in chemical engineering.

With nearly 20 years at Clariant, Jens Cuntze has a long experience within the company. He will become President of the Catalysts BU and of the Asia-Pacific region. Previously, he was responsible for corporate planning and strategy after holding various management positions, including petrochemical catalysts manager and purchasing manager. He holds a degree and a doctorate in chemistry from ETH Zurich and is German.

Christian Vang will become President of the Care Chemicals BU and of the Americas region. He has over 14 years of leadership experience with Clariant. His most recent positions included Head of Industrial and Consumer Specialties BU and Head of Corporate Planning and Strategy. Prior to joining Clariant in 2008, Christian held management positions at Siegwerk, SICPA and Hempel. He is a graduate of Harvard, Insead and London Business School, and is of Danish nationality.

With the removal of the Chief Transformation Officer (CTO) and Chief Operating Officer (COO) roles, the new structure allows for direct reporting lines between Clariant’s BUs and the CEO. As a result of the new structure, Hans Bohnen, Chief Operating Officer, and Bernd Hoegemann, Chief Transformation Officer, have decided to step down from their current roles on the Executive Committee and will pursue their careers outside the company. “We are very grateful to Bernd and Hans for their valuable contributions in various leadership positions at Clariant. I wish them the best for the future,” said Conrad Keijzer.

Clariant will provide additional transparency and accountability by moving away from its current executive committee structure with a unique oversight and review role. Instead, the company will have a new executive leadership committee that will include CEO Conrad Keijzer, CFO Bill Collins as well as the three BU presidents effective July 1.st2022.

Together with Director of Human Resources Tatiana Berardinelli, General Counsel Alfred Muench, new Director of Corporate Development Chris Hansen and Director of Technology and Sustainability Richard Haldimann, the Executive Steering Committee will form the Leadership Team . By bringing together all key functions when it comes to important strategic decisions, Clariant will accelerate decision-making, strengthen its governance and increase its accountability.

To complement the structural changes with a culture of diversity, Clariant also launched its DE&I roadmap. This is a core part of Clariant’s new focused strategy, aimed at building a more diverse, equitable and inclusive future with a focus on gender equality, inclusive culture and cultural identity. For each of these areas, Clariant has set itself ambitious objectives for 2030, which are accompanied by various concrete actions.

In terms of gender equality, Clariant strives to provide equal opportunities for all genders with a particular focus on strengthening gender balance at the leadership level by doubling the current female representation to at least 30% by 2030. When it comes to cultural identity, Clariant wants to provide equal access to career development for all ethnicities and ensure that the business footprint is reflected in the direction of the company. To reflect Clariant’s global setup, the organization is working to increase the share of leaders of national origin outside of Europe from 32% currently to over 40% by 2030.

The transformation of Clariant’s structure and culture will help the company to fully exploit its core business and take full advantage of its raison d’être: greater chemistry – between people and the planet.

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This press release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or accurately estimate, such as future market conditions, currency fluctuations, the behavior of other market participants, actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; competitors’ pricing strategies; the Company’s ability to continue to receive adequate revenue from its suppliers on acceptable terms, if at all, and to continue to obtain sufficient funding to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, globally, regionally or nationally . Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these documents.

www.clariant.com

Clariant is a focused, sustainable and innovative specialty chemicals company based in Muttenz near Basel/Switzerland. As of December 31, 2021, Clariant employed 11,537 people and achieved sales of CHF 4,372 during the year for its continuing operations. The company reports in three business areas: servicing chemicals, catalysis and natural resources. Clariant’s corporate strategy is guided by the overarching goal of “greater chemistry – between people and planet” and reflects the importance of connecting customer focus, innovation, sustainability and people. .

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Aubrey L. Morgan