Karl-Ludwig Kley, Chairman of the Executive Board of Merck, was elected president of the German Chemical Industry Association (Verband der Chemischen Industrie e. V. - VCI) during the association’s general assembly in Essen. Kley's term of office runs until October 2014. He succeeds Klaus Engel, Chairman of the Executive Board of Evonik.
Following his election, Kley commented: "It is also to the credit of the German chemical industry that our country has successfully mastered the economic crisis so far. This advantage must be used. We have to further strengthen the competitiveness of the German chemical industry. Only a competitive chemical industry can help to waterproof Germany when economic dark clouds threaten. This urgently requires, among other things, reliable and affordable energy supplies, clear political and social support of research and development, and the guarantee of free world trade."
Kley has been a member of the VCI Steering Committee since September 2007. He assumed the role of treasurer of the association in September 2008 and continued to serve in that function when he became Vice President of the VCI in September 2010.