RCS - Monitchem Holdco 2 - New CEO of CABB Group

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24/03/2023 08:16

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RNS Number : 1411U  Monitchem Holdco 2 S.A.  24 March 2023

 Monitchem Holdco 2 S.A. / Key word(s): Personnel

Monitchem Holdco 2 S.A.: Thomas H. Ahrens will become new CEO of CABB Group

24-March-2023

Disclosure of an inside information acc. to Article 17 MAR of the Regulation
 (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Thomas H. Ahrens will become new CEO of CABB Group

 Sulzbach / Pratteln, 24. March 2023 - CABB Group today announced that Thomas
 H. Ahrens (61) will become the new CEO. He is currently CEO of the COMPO
 EXPERT Group, a leading global producer of specialty fertilisers for
 professional applications based in Münster (Germany). Ahrens will join CABB
 on 1 June 2023 and succeed Valerie Diele-Braun after a transition period of a
 few months. She will take on a new professional challenge on 1 October.

 "We are very pleased that with Thomas Ahrens, we have attracted an experienced
 leader who has an outstanding track record in driving sustainable growth and
 profitability. Building on his extensive industry expertise, he will further
 strengthen CABB's position as a premier contract development and manufacturing
 organisation and leading producer of proprietary ingredients for customers in
 the Life Science and Performance Materials industries. We are convinced that
 after a smooth transition from Valerie he will successfully lead CABB into the
 next chapter of its growth story", said Roberto Gualdoni, Chairman of the
 Advisory Board.

 Ahrens has more than 20 years of industry experience at executive board level
 with a strong focus on driving global expansion strategies and delivering
 long-term profitable growth. Prior to his time at COMPO EXPERT where he took
 over as CEO in March 2016, he spent four years as Vice President Europe at
 ENTHONE, a global leader in chemical solutions for surface finishing in a
 variety of industries. Both companies have seen a strong performance
 improvement during Ahrens' tenure.

 "CABB with its high-quality products and services is ideally positioned to
 excel in an exciting industry," said Ahrens. "I very much look forward to
 joining forces with my more than 1'000 colleagues around the globe, the whole
 management team, and the owner Permira. Together, we will continue to unlock
 CABB's full potential and drive our sustainable growth agenda."

 About CABB

 The CABB Group is a leading Crop Science contract development and
 manufacturing organization (CDMO), supplying customized active ingredients.
 CABB also offers high-complexity and high-purity chemical ingredients to
 customers in the Life Sciences and Performance Materials markets. The company
 operates six production sites in Pratteln (Switzerland), Kokkola (Finland),
 Galena (USA), Knapsack and Gersthofen (Germany), Jining (China). With around
 1,200 employees, CABB recorded an annual turnover of about €755 million in
 the 2022 financial year.

 IR Contact:

Martin Reichel, Head of Group Finance, Martin.Reichel@cabb-chemicals.com

 End of Inside Information

24-March-2023 CET/CEST The EQS Distribution Services include Regulatory
 Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com

 Language:     English
 Company:      Monitchem Holdco 2 S.A.
               488, route de Longwy
               1940 Luxemburg
               Luxemburg
 Phone:        +352 2686811
 ISIN:         XS1074935492, XS1074933794
 WKN:          A1ZKFN
 Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg,
               Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
 EQS News ID:  1591137

 

 End of Announcement  EQS News Service

 

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