04/13/2006
Brenntag offers appreciation to Klaus Engel; launches search for successor as CEO
Brenntag, global leader in the growing market for chemical distribution, issues the following statement in response to today’s announcement that Klaus Engel has been appointed Chief Executive Officer of Degussa, effective June 1, 2006:
“The Supervisory Board and Executive and Senior Management Team of Brenntag thank Klaus Engel for his leadership and wish him well in his future position. A thorough but swift search for a successor to lead our future growth has been launched. We will consider accomplished internal and external candidates in a fast-moving process that we expect to conclude soon. During the brief transition, our talented management team and dedicated employees remain focused on effectively managing and growing our business, and providing quality products and value-added service to our customers and suppliers.”
In fiscal 2005, Brenntag succeeded again in underpinning it’s position as a globally leading chemical distributor. The company recorded external sales of EUR 5.3 billion (US$ 6.6 billion). Earnings before interest, taxes, depreciation and amortization (EBITDA operating) totalled EUR 301 million (US$ 374 million). Brenntag operates more than 300 locations with 9,200 people in 50 countries. Underlying the company’s strong position in world markets, Brenntag is committed to providing value to its customers and suppliers through superior supply chain logistics, single sourcing and value-added-services. To its suppliers and customers alike, Brenntag offers, both in Europe and the Americas, an unrivalled, extensive and state-of-the-art distribution network for industrial and specialty chemicals.
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