Two global Divisions: Brenntag Essentials and Brenntag Specialties
As per 01. January, global chemical distributor Brenntag AG (Essen, Germany) will run the company following a new operating model with two global divisions, Brenntag Essentials and Brenntag Specialties. The company said last week, it wants to gain “a sharpened profile towards relevant industry segements” through this “core element of the company’s transformation program PROJECT BRENNTAG that aims to set the base for sustainable organic earnings growth in a rapidly changing market environment.”
According to the announcemnt, “Brenntag Essentials will market a broad portfolio of process chemicals across a wide range of industries and applications. The division will leverage scale with flexible and cost-efficient delivery at competitive prices and a highly efficient business process backend. Brenntag Essentials builds on its global reach and comprehensive product portfolio and continues to follow a geographic and regional logic.” Steven Terwindt, Member of the Management Board of Brenntag Group (and current CEO North America), will be the future COO Brenntag Essentials.
Brenntag Specialties is to be led by Henri Nejade, Member of the Management Board of Brenntag Group (CEO Europe ad interim and CEO Asia-Pacific) as future COO Brenntag Specialties. The division “will focus on ingredients and value-added services that are directly used in the production of the customers’ end-products” in selected industries: Nutrition, Pharma, Personal Care / HI&I (Home, Industrial & Institutional), Material Science (Coatings & Constructions, Polymers, Rubber), Water Treatment and Lubricants. According to Brenntag, these focus industries are large globally relevant industries characterized by high regulatory requirements and a significant potential to promote technical solutions.
With the introduction of this new structure the Management Board will be made up of Dr. Christian Kohlpaintner as CEO, Georg Müller as CFO and Steven Terwindt and Henri Nejade as COO of Brenntag Essentails and Brenntag Specialties, respectively. The comapny will introduce the role of a Chief Transformation Officer (CTO) who has yet to be appointed. The CTO will have resposibility “for the overall transformation process initiated, drive functional excellence and the digital transformation of Brenntag.” Brenntag also said it has has already appointed the new Level-1 Leadership Team members, who are charged with driving the implementation and execution of the new operating model.
Source: Brenntag press release
HGE – DCG / 28.09.2020