DGAP-News: Brenntag AG: COO Steven Holland will succeed Stephen Clark as CEO of Brenntag AG effective 22 June 2011
(firmenpresse) - DGAP-News: Brenntag AG / Key word(s): Change of Personnel
Brenntag AG: COO Steven Holland will succeed Stephen Clark as CEO of
Brenntag AG effective 22 June 2011
21.03.2011 / 18:31
---------------------------------------------------------------------
- Current COO Steven Holland has been holding leading positions at
Brenntag since 2006
- William Fidler, President and CEO of Brenntag's North American
business, will join the Management Board of Brenntag AG with immediate
effect
- Stephen Clark has been proposed for election to the Supervisory Board
at Brenntag's General Shareholders' Meeting on 22 June 2011
Steven Holland, currently COO of Brenntag AG (WKN A1DAHH), the global
market leader in chemical distribution, will assume his new role as CEO on
22 June 2011 following the company's General Shareholders' Meeting. This
decision has been made by the Supervisory Board during its regular meeting
today. Steven Holland joined Brenntag in 2006 following the acquisition of
Albion Chemical Distribution Group where he had been CEO for the previous
eight years. In addition, William Fidler, President and CEO of Brenntag's
North American business, will join the Management Board with immediate
effect. In his new role, he will be responsible for Brenntag's North and
Latin American business.
'Let me start by thanking Stephen Clark on behalf of the entire Supervisory
Board for his own and his team's outstanding commitment in making Brenntag
the global market leader in chemical distribution and successfully taking
the company public in 2010. Over the past decades, his expertise, his
leadership and his passion have made the company what it is today and we
are delighted that Stephen will maintain his association with Brenntag
following his successful election to the Supervisory Board at the company's
General Shareholders' Meeting', said Stefan Zuschke, Chairman of the
Supervisory Board of Brenntag AG. 'He now hands over responsibility for the
company to Steven Holland, an experienced colleague who has been
instrumental in strengthening the competitive position and the global
growth strategy of the world's number one in chemical distribution since
joining Brenntag five years ago.'
Steven Holland has had an impressive career over the last thirty years and
has a successful track record in chemical distribution. Mr. Holland, who is
British, joined Brenntag following the acquisition of Albion Chemical
Distribution Group in 2006 where he had been CEO for eight years prior to
the acquisition by Brenntag. Mr. Holland was appointed a Board Member of
Brenntag and CEO of Brenntag's European business in 2007 before assuming
additional responsibilities at group level as COO in 2009. In this role, he
is responsible for managing Brenntag's global day-to-day operations and
executing the group's growth strategy. He has been instrumental in building
a global team of sector and operational experts and has expanded Brenntag's
global footprint over the past years.
'I am delighted to be given the opportunity to succeed Stephen Clark in
this exciting and rewarding role. Brenntag has a strong foundation of
ambitious and experienced management, passionate about the business and its
future growth potential', Holland said. 'I am particularly pleased that
William Fidler will be joining the Management Board as we have been working
closely together overseveral years. He brings a wealth of experience to
the group as a whole.'
During today's regular Supervisory Board meeting, William Fidler, President
and CEO of Brenntag's North American business, was appointed as a member of
the Management Board with immediate effect. His Board responsibilities will
include Brenntag's North and Latin American business. Mr. Fidler brings to
the Board decades of Brenntag experience in which he has accumulated deep
and comprehensive industry expertise.
Both, the CEO transition and the appointment of William Fidler as a member
of the Management Board are part of the systematic and long-term succession
planning that has been a key success factor for Brenntag.
'It is with great confidence that I hand over the responsibility for this
ambitious MDAX-company to my colleague Steven Holland. I am very pleased
that I should get the opportunity to continue my association with the
company as a new member of the Supervisory Board, if shareholders vote in
my favour during the upcoming General Shareholders' Meeting', Stephen Clark
said.
Stephen Clark will step down as CEO of Brenntag AG and be proposed to
Brenntag AG's planned regular General Shareholders' Meeting on 22 June 2011
for election to the company's Supervisory Board. Stephen Clark's nomination
is supported by Brachem Acquisition S.C.A. which is controlled by BC
Partners funds and is Brenntag AG's largest shareholder holding a 36% stake
in the company.
Stephen Clark shall succeed Thomas Weinmann, one of the major shareholder's
representatives in the Supervisory Board. Brachem Acquisition S.C.A. will
reduce the number of its Supervisory Board members after having
significantly reduced its stake in Brenntag over the past 12 months through
an IPO and two successful secondary placements.
Press contact:
Hubertus Spethmann
Brenntag AG
Corporate Communications
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7701
Fax: +49 (208) 7828-7220
E-Mail: hubertus.spethmann(at)brenntag.de
http://www.brenntag.com
Investor contact:
Georg Müller, Stefanie Steiner, Diana Alester
Brenntag AG
Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-Mail: IR(at)Brenntag.de
http://www.Brenntag.com
About Brenntag:
Brenntag is the global market leader in full-line chemical distribution.
Linking chemical manufacturers and chemical users, Brenntag provides
business-to-business distribution solutions for industrial and specialty
chemicals globally. With over 10,000 products and a vast supplier base,
Brenntag offers one-stop-shop solutions to more than 150,000 customers. The
value-added services include just-in-time delivery, product mixing,
formulation, repackaging, inventory management, drum return handling as
well as extensive technical support. Headquartered in Mülheim/Ruhr,
Germany, the company operates a global network with more than 400 locations
in over 60 countries. In 2009 the company realized global sales of EUR 6.4
billion (USD 8.9 billion) with approximately 11,000 people.
End of Corporate News
---------------------------------------------------------------------
21.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Brenntag AG
Stinnes Platz 1
45472 Mülheim an der Ruhr
Deutschland
Phone: +49 (0) 208 7828 - 7653
Fax: +49 (0) 208 7828 - 7755
E-mail: ir(at)brenntag.de
Internet: www.brenntag.com
ISIN: DE000A1DAHH0
WKN: A1DAHH
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
116323 21.03.2011
Datum: 21.03.2011 - 18:31 Uhr
Sprache: Deutsch
News-ID 33523
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 256 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Brenntag AG: COO Steven Holland will succeed Stephen Clark as CEO of Brenntag AG effective 22 June 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
Brenntag AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
