The Supervisory Board of Lanxess agreed today to revoke the contract of Matthias Zachert (43), Member of the Board of Management and Chief Financial Officer, as of March 31, 2011. Zachert had requested the Board to do so accordingly. In his current function, he has been a Member of the Board of Management since 2004.

Dr. Bernhard Düttmann (51), previously Member of the Board of Management and Chief Financial Officer of Beiersdorf, Hamburg, has been appointed Member of the Board of Management and Chief Financial Officer of Lanxess as of April 1, 2011.

"The Supervisory Board is pleased to have gained an experienced Chief Financial Officer of a recognized company for the CFO role at Lanxess and would like to wish him success in his new position."