Industry News

Evonik to Reduce Size of Executive Board and Streamline

Executive Board to be reduced from six to four members

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The Supervisory Board of Evonik Industries AG unanimously passed resolutions relating to the successful focusing of the Group on specialty chemicals and its future growth targets. Over the past five years Evonik has been restructured from an integrated conglomerate to a listed specialty chemicals company. Following the refocusing of the business, the next step is to consolidate management and administrative processes. Within the Executive Board, operational responsibility for the entire spec...

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