COO Steven Holland will succeed Stephen Clark as CEO of Brenntag AG
Steven Holland, currently COO of Brenntag AG, will assume his new role as CEO on 22 June 2011 following the company’s General Shareholders’ Meeting. This decision has been made by the Supervisory Board during its regular meeting. Steven Holland joined Brenntag in 2006 following the acquisition of Albion Chemical Distribution Group where he had been CEO for the previous eight years. In addition, William Fidler, President and CEO of Brenntag’s North American business, will join the Management Board with immediate effect. In his new role, he will be responsible for Brenntag´s North and Latin American business.
Steven Holland has had an impressive career over the last thirty years and has a successful track record in chemical distribution. Mr. Holland, who is British, joined Brenntag following the acquisition of Albion Chemical Distribution Group in 2006 where he had been CEO for eight years prior to the acquisition by Brenntag. Mr. Holland was appointed a Board Member of Brenntag and CEO of Brenntag’s European business in 2007 before assuming additional responsibilities at group level as COO in 2009. In this role, he is responsible for managing Brenntag’s global day-to-day operations and executing the group’s growth strategy. He has been instrumental in building a global team of sector and operational experts and has expanded Brenntag’s global footprint over the past years.
During regular Supervisory Board meeting, William Fidler, President and CEO of Brenntag’s North American business, was appointed as a member of the Management Board with immediate effect. His Board responsibilities will include Brenntag’s North and Latin American business. Mr. Fidler brings to the Board decades of Brenntag experience in which he has accumulated deep and comprehensive industry expertise.
Both, the CEO transition and the appointment of William Fidler as a member of the Management Board are part of the systematic and long-term succession planning that has been a key success factor for Brenntag.
Stephen Clark will step down as CEO of Brenntag AG and be proposed to Brenntag AG’s planned regular General Shareholders’ Meeting on 22 June 2011 for election to the company’s Supervisory Board. Stephen Clark’s nomination is supported by Brachem Acquisition S.C.A. which is controlled by BC Partners funds and is Brenntag AG’s largest shareholder holding a 36% stake in the company.
Stephen Clark shall succeed Thomas Weinmann, one of the major shareholder’s representatives in the Supervisory Board. Brachem Acquisition S.C.A. will reduce the number of its Supervisory Board members after having significantly reduced its stake in Brenntag over the past 12 months through an IPO and two successful secondary placements.
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