In a recent announcement, specialty chemicals company LANXESS revealed important changes in its executive leadership. Effective from September 1, 2023, Oliver Stratmann will step into the role of Chief Financial Officer (CFO), succeeding Michael Pontzen, who requested the early termination of his contract. Pontzen, who has been an integral part of LANXESS since 2004 and held various finance-related positions before joining the Board of Management in 2015, expressed his intention to move on to a new chapter in his career as the CFO of a company located outside of Germany.
The decision regarding Pontzen’s departure was reached through constructive dialogue with the LANXESS Supervisory Board, which acknowledged his long-standing contributions to the company. His departure comes as he seeks fresh challenges and growth opportunities. The Supervisory Board expressed its appreciation for Pontzen’s dedication and acknowledged his impact during his extensive tenure. Dr. Matthias Wolfgruber, Chairman of the Supervisory Board, along with LANXESS CEO Matthias Zachert, conveyed their appreciation for Pontzen’s commitment and his significant role in the company’s leadership.
Oliver Stratmann, the designated CFO, is well-prepared to take over the responsibilities from Pontzen. His association with LANXESS began in 2004, and he has since taken on various crucial roles within the finance department. Since 2015, he has led the Treasury & Investor Relations Department, where he was instrumental in shaping the financing strategies for LANXESS’s major acquisitions. Stratmann’s innovative approach also led to the introduction of sustainable financing instruments, showcasing his dedication to responsible financial practices. His deep understanding of the company’s operations and financial dynamics equips him for the upcoming role.
The decision to appoint Stratmann as the new CFO received positive feedback from LANXESS’s leadership. Dr. Matthias Wolfgruber expressed confidence in Stratmann’s capabilities, highlighting his extensive experience in capital markets and finance. CEO Matthias Zachert emphasized the significance of a smooth leadership transition and welcomed Stratmann’s expertise in tackling the challenges of the chemical industry. Zachert extended his best wishes to Pontzen for his new endeavor and warmly welcomed Stratmann to the role.
As LANXESS charts its course forward, this leadership transition marks a pivotal moment in its financial management. With Pontzen’s departure, LANXESS bids farewell to a seasoned leader and opens the door to a new era under the leadership of Oliver Stratmann. With his deep financial expertise and intricate knowledge of the company, Stratmann is expected to steer LANXESS through the intricate landscape of the chemical industry, continuing its growth trajectory. As the company expresses gratitude for Pontzen’s legacy, it also looks forward to a promising future with Stratmann at the financial helm.
