Industry News

Martin Babilas newly appointed CFO of ALTANA Chemie AG

Published on 2005-11-24. Author : SpecialChem

Bad Homburg/Wesel -- The Supervisory Board of ALTANA Chemie AG, the Chemicals division of ALTANA AG (NYSE: AAA, FSE: ALT), has appointed Martin Babilas as a Member of the Management Board of ALTANA Chemie AG effective January 1, 2006 . Martin Babilas will succeed Gerd Buescher on April 1, 2006, as Chief Financial Officer (CFO).

Gerd Buescher will focus on his current position as Managing Director Finance and Administration of the division Additives & Instruments (BYK-Chemie), where he recently assumed additional responsibility for the whole supply chain and IT.

Following a bank traineeship, Martin Babilas (34) studied business administration in Trier (Germany) and obtained an MBA in Worcester, MA (USA). In 1998, he joined ALTANA AG as assistant to the CFO. In 2001, he moved to ALTANA Chemie as Head of Strategic Business Development. In this role, he contributed to the further development of ALTANA Chemie, most recently as project manager for the ECKART acquisition.

This press release contains forward-looking statements, i.e., current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA's management as well as assumptions made by and information currently available to ALTANA. Many factors that ALTANA is unable to predict with accuracy could cause ALTANA's actual results, performance or achievements to be materially different from those that may be expressed or implied by such forward-looking statements.

Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.

Source: ALTANA Chemie AG

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