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All agenda items related to the
recently announced governance agreement between Clariant and SABIC
approved
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Abdullah Mohammed Alissa, Calum
MacLean, Geoffery Merszei and Dr. Khaled Hamza Nahas newly elected
as members of the Board of Directors
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Hariolf Kottmann newly elected
as Chairman of the Board of Directors
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Muttenz, October 16, 2018 - At today's
Extraordinary General Meeting in Basel, the shareholders of
Clariant Ltd, a world leader in specialty chemicals, approved all
agenda items and proposals put forward by the Board of Directors.
The meeting was attended by 264 shareholders and shareholder
representatives accounting for 232 674 947 shares or 70.10 % of the
share capital of Clariant.
All agenda items were related to the governance
agreement between Clariant and SABIC (Saudi Basic Industries
Corporation). Both parties entered into this governance agreement
on September 17, 2018, to reflect that SABIC is the largest single
shareholder in Clariant after acquiring 24.99 % of the Clariant
Ltd's shares.
Hariolf Kottmann, Chairman of Clariant's Board of
Directors, said: "I am very honored by the support of all our
shareholders for my election. I look forward to this new role and
the cooperation with the other board members as well as Ernesto
Occhiello as CEO in continuing Clariant's long-term vision of
becoming one of the world's leading companies for specialty
chemicals."
"It has been an honor for me to have served
Clariant over all these years and I am happy to hand over this
responsibility with the company in good shape and entering a new
stage in its development", stated Rudolf Wehrli, former Chairman of
Clariant's Board of Directors.
Ernesto Occhiello, Clariant's new CEO, said: "From
today on, I am a proud employee of Clariant and, together with my
colleagues, I will do everything to make Clariant a world leader in
high value specialty chemicals."
Nominated by the Board of Directors, Abdullah
Mohammed Alissa (62), a Saudi-Arabian citizen, Calum MacLean (54),
a British citizen, Geoffery Merszei (67), a US citizen and Dr.
Khaled Hamza Nahas (69), a Saudi-Arabian citizen, were elected as
board members by a majority of the votes. Rudolf Wehrli and Peter
Chen stepped down from the Board of Directors. Rudolf Wehrli also
resigned as the Chairman of Clariant Ltd and from the Compensation
Committee. As a result, the Clariant Board of Directors was
expanded to twelve members. Hariolf Kottmann was elected as
Chairman of the Board of Directors by a large majority.
Furthermore, the Board's Compensation Committee was increased from
three to five members, and proposed candidates Abdullah Mohammed
Alissa, Claudia Suessmuth Dyckerhoff and Susanne Wamsler were also
elected by a majority of the votes.
All newly elected members of the Board of
Directors were appointed until Clariant's Annual General Meeting
2019, which is scheduled to take place on April 1, 2019.
The proposal for an increase in the maximum total
compensation of the Board of Directors, necessitated by the
expansion of the Board from ten to twelve members, was approved by
a majority of the votes.
A proposal to amend the Articles of Association of
Clariant Ltd by inserting a transitional provision that allows
Board members to hold up to six mandates in public companies until
the Clariant Annual General Meeting of 2022 was also approved by a
majority of the votes.
Corporate Media Relations |
Investor Relations |
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com |
Anja Pomrehn
Phone +41 61 469 63 73
anja.pomrehn@clariant.com |
Claudia Kamensky
Phone +41 61 469 63 63
claudia.kamensky@clariant.com |
Maria Ivek
Phone +41 61 469 63 73
maria.ivek@clariant.com |
Thijs Bouwens
Phone +41 61 469 63 63
thijs.bouwens@clariant.com
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www.clariant.com
Clariant is a globally leading specialty chemicals company, based
in Muttenz near Basel/Switzerland. On 31 December 2017 the company
employed a total workforce of 18 135. In the financial year
2017, Clariant recorded sales of CHF 6.377 billion for its
continuing businesses. The company reports in four business areas:
Care Chemicals, Catalysis, Natural Resources, and Plastics &
Coatings. Clariant's corporate strategy is based on five pillars:
focus on innovation and R&D, add value with sustainability,
reposition portfolio, intensify growth, and increase
profitability. |
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