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Changes in Cognis top management

Publication: JTN Monthly Asian Textile Business
Date: Friday, March 1 2002

HEADNOTE

CHEMICALS

IMAGE PHOTOGRAPH 3

Antonio Trius

IMAGE PHOTOGRAPH

Harald Wulff

Following the sale of specialty chemicals company Cognis to a consortium of investors, the management team is being reformed. Harald Wulff is handing over his position as CEO to Antonio Thus, and will become Chairman of the Supervisory Board.

The sale of Henkel's chemicals subsidiary Cognis to the investors consortium the Permira Funds, GS Capital Partners and Schroder Ventures Life Sciences Funds was completed on November 30th. In the course of this transaction, the specialty chemicals company was deemed to have promising development potential. The leveraged buyout received very good ratings, such as from Standard & Poors and Moody's.

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