Mathias Lütgendorf, member of the executive committee – the managing board – of Swiss specialty chemicals producer Clariant, will leave the company at the end of 2015.

Clariant said the 60-year-old executive was stepping down by mutual agreement. A successor is to be announced shortly.

Lütgendorf has been a member of the executive committee since April 2009, with responsibility for the regions Europe, Middle East & Africa and Japan and the business units Additives, Pigments, Masterbatches, Functional Minerals as well as Group Procurement and Operational Excellence.

Hariolf Kottmann, Clariant’s CEO, praised Lütgendorf’s achievements during the company’s restructuring phase and its divestment of the businesses Textile, Leather and Paper Chemicals.