ALTANA: Supervisory Board reappoints Dr. Matthias L. Wolfgruber as Chief Executive Officer

The Supervisory Board of the specialty chemicals Group ALTANA AG has extended the appointment of Dr. Matthias L. Wolfgruber (55) as Chief Executive Officer ahead of schedule. With effect from July 01, 2010, Wolfgruber is reappointed for a period of five years as Chairman of the Management Board that is composed of himself and Martin Babilas (37), the Chief Financial Officer of ALTANA AG.

Dr. Matthias L. Wolfgruber was born in 1954 in Anger, Bavaria. He studied chemistry and received his doctorate in this field. From 1985 to 2002, he worked in various positions with Wacker Chemie AG, his last post being CEO of Wacker Chemical Corporation in the U.S. In 2002, Wolfgruber joined ALTANA AG, which was listed in the DAX at that time, as member of the Management Board of the ALTANA Group and President and CEO of the Chemicals Division. Since 2007, he has been the CEO of ALTANA AG, headquartered in Wesel, which has focused on specialty chemicals after the sale of its pharmaceuticals business.


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 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 as well as assumptions made by and information currently available to ALTANA. 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.


ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.

ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

At present, the ALTANA Group has 33 production facilities and 46 service and research laboratories worldwide. Throughout the group 4,700 people work to ensure the success of ALTANA worldwide. In 2008 ALTANA achieved sales of about 1.3 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.