Martin Babilas newly appointed CFO of ALTANA Chemie AG

25-Nov-2005

The Supervisory Board of Altana Chemie AG has appointed Martin Babilas as a Member of the Management Board of ALTANA Chemie AG effective January 1, 2006. Martin Babilas will succeed Gerd Buescher on April 1, 2006, as Chief Financial Officer (CFO).

Gerd Buescher will focus on his current position as Managing Director Finance and Administration of the division Additives & Instruments (BYK-Chemie), where he recently assumed additional responsibility for the whole supply chain and IT.

Following a bank traineeship, Martin Babilas (34) studied business administration in Trier (Germany) and obtained an MBA in Worcester, MA (USA). In 1998, he joined ALTANA AG as assistant to the CFO. In 2001, he moved to ALTANA Chemie as Head of Strategic Business Development. In this role, he contributed to the further development of ALTANA Chemie, most recently as project manager for the ECKART acquisition.

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