Klaus Engel, Chairman of Evonik‘s Executive Board, is to hand over to his designated successor Christian Kullmann. Engel will be leaving the company at the end of the Annual Shareholders’ Meeting on May 23, 2017. Mr. Kullmann will then take over as chairman. The Supervisory Board announced these resolutions after its meeting today.
“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.”
Engel was originally appointed to the Board of Management of what was then Degussa in 2007, becoming Chairman in 2009.
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.