Effective April 1, 2015, Peter Vanacker will succeed Dr. Martin Wienkenhöver as CEO of CABB, a leading global fine chemicals manufacturer. Wienkenhöver will retire later this year after a transition period, in which he will support the new CEO in taking over all responsibilities. His experience will not be lost for CABB, since he has agreed to serve on the company's advisory board, starting later this year.

Peter Vanacker (49) has served for about 10 years as member of the executive committee of Bayer MaterialScience and ran its global polyurethanes business from 2004 to 2011. He was also Chief Marketing and Innovation Officer of Bayer MaterialScience. Most recently he has been CEO of Treofan Group, a private equity owned global technology leader in bi-axially oriented polypropylene films (BOPP).

"We are really enthused that we have won Peter Vanacker as CEO of CABB Group", said Torsten Vogt, Partner and Co-Head of the Industrials team at private equity firm Permira. "With his deep understanding of the chemical industry and his broad experience in senior positions at international companies, Peter is optimally equipped to lead CABB into the next phase of sustainable growth. He has the skills to consolidate CABB's position as a valued partner for the global life science majors and many important customers in the chemicals industry."

"My focus will be on further profitable growth in close partnership with our valued customers", said Peter Vanacker.