MOSCOW (MRC) -- Christian Kohlpaintner will remain the Chief Executive Officer of Brenntag SE, the global market leader in chemicals and ingredients distribution, until the end of 2025, as per the company's press release.
The Supervisory Board has decided to extend the contract by three years, ahead of schedule, thus setting the course for continuity in the ongoing corporate transformation that has been initiated under the leadership of Christian Kohlpaintner.
Doreen Nowotne, Chairwoman of the Supervisory Board of Brenntag SE: “The Supervisory Board is very pleased to continue the successful cooperation with Christian Kohlpaintner. Over the past two years, he has profoundly changed and repositioned Brenntag SE. He has prudently guided the company through this challenging period and at the same time laid the foundation for further, sustainable growth with Project Brenntag. The transformation he initiated and further developed together with the Board of Management team and the entire organization will leverage the company's great potential and further expand Brenntag's global market leadership in all dimensions.”
As MRC reported earlier, last summer, Brenntag acquired all operating assets and business of Matrix Chemical, LLC. The company is a solvents distributor and the largest distributor of acetone in North America with sales of around USD 200 million year to date in 2021.
Along with phenol, acetone is largely used to produce bisphenol A (BPA), which, in its turn, is used in the production of plastics such as polycarbonate (PC) and epoxy resins.
According to MRC's ScanPlast report, Russia's overall consumption of PC granules (excluding exports from Belarus) totalled 7,800 tonnes in January 2022, down by 4% year on year (8,100 tonnes a year earlier).
BCD Chemie, a Brenntag Group company, is headquartered in Hamburg, Germany. It focuses on the pan-European marketing of industrial and performance chemicals. As a link between manufacturers of high-quality chemical raw materials and users from many industries, BCD Chemie provides B2B sales solutions for a wide range of industries and applications. Profound market knowledge, competent product and application consulting as well as comprehensive expertise in chemical-technical and market-analytical contexts form the basis of its philosophy of modern chemical distribution.