Changes in Altana Management Board
The Supervisory Board of the specialty chemicals company Altana AG, Wesel, Germany, has appointed Martin Babilas to become the Chief Executive Officer. On January 1, 2016, he will succeed Dr. Matthias L. Wolfgruber, who will retire.
Martin Babilas (43) has worked for Altana since 1998 and been the Chief Financial Officer of Altana AG since 2007. In November of last year, he took over additional responsibility of two of the company’s four divisions from Dr. Wolfgruber. On January 1, 2016, Martin Babilas will take over responsibility for Corporate Development/M&A, Human Resources, Corporate Communications and Internal Audit from Dr. Wolfgruber. On that same date, Dr. Christoph Schlünken will assume responsibility for Innovation Management. Dr. Schlünken became a third member of Altana’s Management Board last November.
The Supervisory Board has also appointed Stefan Genten as Altana’s new Chief Financial Officer as of August 1, 2015. Stefan Genten (46) worked in various management capacities for the Grünenthal pharmaceutical group for 13 years, since 2005 as a member of the Corporate Executive Board and as the CFO. He was also in charge of operative functions, for example for the Latin American business, and as Group Chief Operating Officer (COO) for the last five years.
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