Mathias Lütgendorf to leave Clariant at years end

Muttenz, December 11, 2015 - Clariant, a world leader in specialty chemicals, announced today that Dr. Mathias Lütgendorf, member of the Executive Committee of Clariant, will step down from the company's Executive Committee. He will leave Clariant by best mutual agreement as of December 31, 2015. His successor will be announced shortly.

"I want to sincerely thank Mathias Lütgendorf for his strong commitment and dedication during his more than six years with our company, in particular for his valuable contributions to the successful development of Clariant into a leading specialty chemicals company in recent years. To be emphasized are his achievements during the restructuring phase, as well as the divestment of the businesses Textile, Leather and Paper Chemicals," said Hariolf Kottmann, CEO. "I wish him all the best for his future."

Mathias Lütgendorf (60) was appointed member of the Executive Committee in April 2009. His responsibilities include the Business Units Additives, Pigments, Masterbatches, Functional Minerals, as well as Group Procurement and Operational Excellence. In addition, he is responsible for the regions Europe, Middle East & Africa and Japan.