Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Henkel AG & Co KGaA    HEN   DE0006048408

SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsSector news 

Lonza Appoints Richard Ridinger As New CEO

04/03/2012 | 01:48am US/Eastern

Swiss chemicals company Lonza Group AG (LONN.VX) Tuesday said it has appointed Richard Ridinger as its new Chief Executive, effective May 1.

MAIN FACTS:

- Ridinger will take over CEO duties from Rolf Soiron, Lonza's chairman who has been acting chief executive since Stefan Borgas left the company at the end of January.

- Ridinger, 53, is a German national, and has extensive industrial leadership experience, Lonza said.

- "Ridinger is a chemical engineer who knows our industries, customers and products," said Soiron.

- Ridinger has held numerous leadership functions at Henkel AG & Co (>> Henkel AG & Co KGaA) for 14 years and Cognis for 11 years. Most recently, Ridinger was responsible for Care Chemicals, the largest sector at Cognis with approximately 3,000 employees. During his tenure, sales increased by 60% to ?1.75 billion over six years.

- As CEO of Lonza, Ridinger has been mandated with strengthening Lonza's market position in relevant markets, strengthening competitive capabilities, and productivity improvement in critical areas.

- Productivity improvement includes project "Visp Challenge", which is expected to contribute more than CHF 100 million over three years, and it also includes a review of group-wide structures.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

Stocks mentioned in the article : Henkel AG & Co KGaA
React to this article
Latest news on HENKEL AG & CO KGAA
05/27 HENKEL KGAA : Robust and reliable bonding process for non-heat-treated light all..
05/26 L'Oreal not interested in Wella - executive tells Handelsblatt
05/25 CHEMBOND CHEMICALS : To divest stake in henkel
05/25 HENKEL KGAA : set to unleash the full potential of its casting value chain exper..
05/25 ADIB offers investors access to German exporters as European consumer spendin..
05/25 ADIB offers investors access to German exporters as European consumer spendin..
05/19 HENKEL KGAA : AG - Loctite adhesives secure success
05/19 HENKEL KGAA : launches new web portal on adhesives for furniture & building comp..
05/19 HENKEL KGAA : Dusseldorf / Germany: New campaign from Henkel's high-quality bran..
05/11 HENKEL KGAA : at the forefront of innovative solutions for sustainable growth
Advertisement
Chart
Duration : Period :
Henkel AG & Co KGaA Technical Analysis Chart | HEN | DE0006048408 | 4-Traders