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Dr Klaus Engel joins Evonik Supervisory Board
27
Sep '08
Essen. At meeting, the Supervisory Board of Evonik Industries AG, Essen (Germany) approved the request made by Dr. Werner Müller (62), Chairman of the Executive Board of Evonik Industries AG, to be released from his contract as of December 31, 2008.

At the same time, the Supervisory Board appointed Dr. Klaus Engel, Member of the Executive Board of Evonik Industries AG and Chairman of the Board of Management of Evonik Degussa GmbH, to succeed him as Chairman of the Executive Board of Evonik Industries AG effective January 1, 2009.

The Supervisory Board unanimously accepted the proposals put forward in August by the Executive Committee of the Supervisory Board, which is chaired by Wilhelm Bonse-Geuking.

On behalf of the Supervisory Board, Wilhelm Bonse-Geuking thanked Dr. Werner Müller for his outstanding achievements in the transformation of the former RAG Group and the establishment of Evonik Industries AG.

He wished Dr. Engel success and entrepreneurial foresight in his new role: “ With Klaus Engel at the helm, we know that the Group is in the best of hands."

Dr. Werner Müller thanked the Supervisory Board for its good and trustful collaboration. “The Evonik Group is well-positioned.

I am certain that my colleague Klaus Engel, a confirmed capital market expert, will lead the group into a successful and profitable future," said Müller.

Dr. Klaus Engel thanked the Supervisory Board for the trust placed in him. “I look forward to working with my colleagues on the Executive Board from next year to prepare to Evonik systematically for flotation on the stock exchange,” said Engel.

Further, Mr. Steven Koltes, Managing Partner of CVC Capital Partners, and Dr. Christian Wildmoser, Partner at CVC Capital Partners, have been elected to the Supervisory Board.

CVC funds hold a 25.01 percent stake in Evonik through Gabriel Acquisitions GmbH. Koltes and Wildmoser succeed Werner Wenning and Martin Blessing, who are leaving the Supervisory Board.

Evonik Industries AG

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