BASF Corporation Appoints Fried-Walter Muenstermann as Executive VP, CFO
January 30 2006 - 2:39PM
PR Newswire (US)
Predecessor Dr. Hans-Ulrich Engel to Lead Acquisition Project
FLORHAM PARK, N.J., Jan. 30 /PRNewswire-FirstCall/ -- BASF
Corporation has appointed Fried-Walter Muenstermann as Executive
Vice President and Chief Financial Officer, effective February 1,
2006. Muenstermann succeeds Dr. Hans-Ulrich Engel who will remain
with BASF Corporation as Executive Vice President, and will focus
on managing BASF's planned acquisition of Engelhard Corporation,
Iselin, N.J. "Hans played a critical role in BASF's successful
restructuring in North America," said Klaus Peter Loebbe, Chairman
and Chief Executive Officer of BASF Corporation. "He was
instrumental in driving our North American business to achieve
strong earnings growth. We are looking forward to continuing the
profitable growth in this market as Fried-Walter joins the
management team." Prior to this assignment, Muenstermann served as
Group Vice President, Regional Functions and Business Development
in Europe for BASF AG in Ludwigshafen, Germany. He served as
Managing Director, BASF plc., in Cheadle, U.K., from 2001 to 2003,
and prior to that was Vice President, Controlling and Investor
Relations for BASF Pharma, Ltd., for four years. In 1995,
Muenstermann was named Senior Manager, Corporate Development for
BASF subsidiary Knoll AG. He joined BASF Magnetics GmbH in 1992 in
the Finance and Accounting/Controlling Division. Muenstermann
studied business administration at the University of Muenster and
the University of Cologne. Dr. Engel was appointed Executive Vice
President and Chief Financial Officer of BASF Corporation in August
2000. He joined BASF AG in Ludwigshafen, Germany, in 1988 as a
member of the legal department and served in various assignments in
the United States and Germany before being appointed, in 1997,
Chief Executive Officer of BASF Schwarzheide GmbH. A native of
Goettingen, Germany, Dr. Engel studied law at Goettingen and
Freiburg Universities from 1977 to 1983. He completed in-service
training from 1984 to 1987 at the Higher Regional Court, Oldenburg,
Germany, before earning his doctorate at Goettingen University.
BASF -- The Chemical Company. We don't make a lot of the products
you buy. We make a lot of the products you buy better.(R) BASF
Corporation, headquartered in New Jersey, is the North American
affiliate of BASF AG, Ludwigshafen, Germany. Rated in FORTUNE
magazine as America's Most Admired Chemical Company, we employ
about 10,000 people in North America and had sales of approximately
$11 billion in 2004. For more information about BASF's North
American operations, or to sign up to receive news releases by
e-mail, visit http://www.basf.com/usa. As the world's leading
chemical company, BASF has a product portfolio that ranges from
chemicals, plastics, performance products, agricultural products
and fine chemicals to crude oil and natural gas. BASF's intelligent
solutions and high-value products help its customers to be more
successful. BASF develops new technologies and uses them to open up
additional market opportunities. It combines economic success with
environmental protection and social responsibility, thus
contributing to a better future. In 2004, BASF had approximately
82,000 employees and posted sales of more than $50 billion. BASF
shares are traded on the stock exchanges in Frankfurt (BAS), London
(BFA), New York (BF), and Zurich (AN). Further information on BASF
is available on the Internet at http://www.basf.com/. FCMN Contact:
maurerj1@basf-corp.com DATASOURCE: BASF Corporation CONTACT: Jack
Maurer of BASF, +1-973-245-6072, Web site: http://www.basf.com/usa
http://www.basf.com/
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