Forsyth to Head Chemtura Integration at Lanxess
LANXESS appoints Stephen C. Forsyth for the Chemtura integration as further member of the Board of Management
Specialty chemicals company LANXESS is expanding its Board of Management: effective June 1, 2017, Stephen C. Forsyth (61), a British citizen, will serve as Chief Integration Officer responsible for integrating the Chemtura businesses into the Cologne-based company. LANXESS acquired the U.S. chemical company in April 2017. This newly created position is limited to one year.
Forsyth has more than 35 years of management experience in the chemical industry. Since 2007 he has acted as Executive Vice President and Chief Financial Officer of Chemtura and in that time has played a decisive role in developing Chemtura into a profitable company. Prior to that, he worked 27 years for the materials company Hexcel Corporation, holding various positions. There, he was appointed Chief Financial Officer in 1996, having previously worked as Vice President International Operations, heading up the business outside the United States. Forsyth holds an MBA from the London Business School.
LANXESS Supervisory Board Chairman Dr. Rolf Stomberg says: “The integration of the new specialty additives, urethanes and organometallics businesses takes top priority at LANXESS. In Stephen Forsyth we have brought an expert on board who together with the other members of the Board of Management will rapidly make this integration a success. The Supervisory Board wishes him every success in his new position.”