Clariant International AG
Clariant AG part 3
Clariant AG: Part 3 of 3
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Clariant AG: Part 3 of 3
Job losses throughout the whole of Clariant will be unavoidable. Management is
currently evaluating which areas in particular will see major reductions.
Details will be provided in due course.
Mr. Lösser detailed a newly strengthened management team, with four out of five
division heads recently appointed. They include Nico Gontha in Textile, Leather
and Paper Chemicals; Uwe Nickel in Pigments & Additives; Dominik von Bertrab in
Masterbatches; Siegfried Fischer in Functional Chemicals; and Joachim Mahler in
Life Science and Electronic Chemicals, who was appointed in March 2002.
Hartmut Wiezer assumes the newly created role of Head of Technology and
Innovation with responsibility for spreading innovation throughout the
organization. Peter Brandenberg is responsible for Human Resources, Corporate
Communications and Regional Coordination. Thomas Wellauer, joins as a senior
consultant to the chief executive, responsible for performance improvement
initiatives across divisions and functions.
Market Outlook
Mr. Lösser gave a cautious outlook for the remainder of the year. “We expect
little or no help for the rest of 2003 from a market environment that remains
difficult,” he said. “Nevertheless, we are confident that we will make steady
progress, particularly in terms of net debt reduction.”
“This transformation program leaves me very confident about Clariant’s future,”
Mr. Lösser added. “It is already the result of a tremendous amount of hard
work. We are well aware of the challenges we face, but we have the right team
and the right focus to get the job done.”
end of ad-hoc-announcement (c)DGAP 05.08.2003
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WKN: 895929; ISIN: CH0012142631; Index: SMI
Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, München und Stuttgart; Schweizer Börse (Hauptsegment); SEAQ-
Handel in London
050738 Aug 03
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