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Brenntag appoints Kristin Neumann to its management board as CFO effective April 1, 2022

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Brenntag appoints Kristin Neumann to its management board as CFO effective April 1, 2022

December 22, 2021 - 05:08
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ESSEN, Germany, Dec. 22, 2021 (Press Release) -The Supervisory Board of Brenntag SE, the global market leader in chemicals and ingredients distribution, is appointing Dr Kristin Neumann to the Brenntag SE Management Board as of April 1, 2022, as Chief Financial Officer. She will be responsible for the Accounting, Controlling, Insurance, Investor Relations, Legal, Shared Services, Tax, and Treasury areas. Dr Kristin Neumann will succeed Georg Müller, who chose not to extend his mandate beyond his current term ending March 31, 2022.

Doreen Nowotne, Chairwoman of the Supervisory Board of Brenntag SE: “With Dr Kristin Neumann we are very happy to have been able to win an internationally experienced financial expert and leadership personality as CFO. The Supervisory Board is convinced that she will ideally complement and enrich the Management Board with her broad experience and that she, together with her Board colleagues, will consistently implement the initiated transformation of our company.”

Dr Christian Kohlpaintner, Chief Executive Officer of Brenntag SE: “I’m looking forward to welcoming Dr Kristin Neumann to the Management Board as our newest member. As a proven expert in the field of finance and with a broad range of experience also in other areas, she will bring fresh impetus to Brenntag's successful path to sustainable earnings growth. Together we will expand our industry-leading position and further drive our company’s transformation.”

Dr Kristin Neumann: “I’d like to thank Brenntag SE’s Supervisory Board for placing their trust in me. I’m looking forward to taking on my new responsibilities and working together with the very ambitious Management Board team. Brenntag is an exceptionally successful company that has rightfully maintained its leading position in the chemicals and ingredients distribution industry for many years and is now raising the bar. The CFO has a central role to play in Group management and the targeted development of a company – so this is both a challenge as well as a pleasure for me.”

Dr Kristin Neumann (born 1972) is joining Brenntag from LSG Lufthansa Service Holding AG, where she has worked as Chief Financial Officer and Director of Human Resources since 2014. Before that appointment, Dr Kristin Neumann was a member of the Board of Management of Thomas Cook AG from 2010 responsible for Finance, Purchasing, HR, Tax and Legal. From 2012 to 2013 she supported the comprehensive restructuring of the company’s activities in the UK. Neumann studied and graduated in Business Administration in Göttingen, Germany. Before her studies, she completed training to become a banking clerk at Deutsche Bank.

The current CFO Georg Müller made a personal decision to leave Brenntag at the end of March 2022 after almost 20 years with the company. During this time, he has held various management positions in the company, thereof the last ten years as CFO. Doreen Nowotne, Chairwoman of the Supervisory Board of Brenntag SE: “On behalf of the entire Supervisory Board, I would like to thank Georg Müller most sincerely for his outstanding contributions and his dedication to our company as well as for the trustful cooperation. He has played a decisive role in shaping Brenntag's development into today's role as the global market leader and, in particular, contributed to strengthening the company's financial position and to the excellent reputation that Brenntag enjoys on the capital markets today. The Supervisory Board holds Georg Müller in the highest regard, and we wish him every success in his future responsibilities and all the best.”

About Brenntag:

Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 17,000 employees worldwide and operates a network of more than 670 sites in 77 countries. In 2020, Brenntag generated sales of around 11.8 billion EUR. The two global divisions, Brenntag Essentials and Brenntag Specialties, provide a full-line portfolio of industrial and specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, comprehensive regulatory know-how, and digital solutions for a wide range of industries. In the field of sustainability, Brenntag pursues specific goals and is committed to sustainable solutions in its own sector and the industries served. Brenntag shares have been listed at the Frankfurt Stock Exchange since 2010, initially in the MDAX and since September 2021 in the DAX. In addition, the Brenntag SE shares are listed in the DAX 50 ESG and DAX ESG Target.