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Christian Kullmann to head Evonik for another 5 years

June 03/2021

MOSCOW (MRC) -- Christian Kullmann, who has been chairman of German Evonik's executive board since May 2017, will head this Essen-based specialty chemicals company for another five years, as per the company's press release.

At its meeting on 2 June, the supervisory board extended Kullmann's contract until May 2027.

Christian Kullmann has shown excellent leadership during his present term of office as chairman of the executive board. He has played a key role in driving forward the company, and successfully kept it on track in challenging times. The supervisory board has therefore decided that it is important and right to enable Christian Kullmann to continue what he has started. We have great confidence in his ability to transform Evonik into a best-in-class specialty chemicals company and look forward to continuing to work with him, says Bernd Tonjes, chairman of the supervisory board of Evonik. Extending Kullmann's contract enables the company to drive forward and strengthen its strategy: concentrating on specialty chemicals, pooling innovative capability, focusing on sustainability, and profitable growth.

Kullmann has announced further steps to increase growth and profitability. Sustainability will play an extremely important role in this. Profitable and sustainable growth is the toughest discipline in industry, says Kullmann. We want to rank right at the top, and that is what our customers want, too. They are increasingly choosing our solutions in order to achieve their own sustainability targets.

Besides, Kullmann announced that further steps will be taken to optimize the portfolio in the coming years: We will be investing specifically in our three growth divisions and focusing our combined innovative capability on developing new products."

As MRC informed earlier, in February, 2020, Dow and Evonik entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity.

Propylene is the main feedstock for the production of polypropylene (PP).

According to MRC's ScanPlast report, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.

Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-oriented innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evoniks corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 33,000 employees.
Author:Margaret Volkova
Tags:PP, PP block copolymer, homopolymer PP, propylene, petrochemistry, adhesives, Dow, Evonik, Germany, Russia.
Category:General News
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