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06-30-2011

Oxea: Change in the Management Team

The global chemical company Oxea, Oberhausen, Germany, announced changes in leadership: For personal and family reasons, Neil Robertson, member of the management team of the Oxea Group and Managing Director of Oxea GmbH with responsibility for Finance, Accounting and IT, will retire at the end of 2011. This intention had already been communicated by the company last autumn.

To ensure a smooth transition, his successor Bernhard Spetsmann joined the company in October 2010 as a new member of the management team of the Oxea Group and as Managing Director of Oxea GmbH. Initially Spetsmann was responsible for Mergers & Acquisitions and strategic projects and has assumed increasing responsibility in the areas of Finance, Accounting and IT. He will assume complete responsibility for these areas from July 1, 2011.

As planned, Robertson will stay with Oxea until the end of the year. During this time his focus will be on strategic projects.

Before joining the company, Spetsmann was most recently CFO of Autobahn Tank & Rast GmbH.

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