Personnel changes at LANXESS

Mumbai, 12 February, 2022 – Neelanjan Banerjee will be taking over as the new Global Head of the Business Unit Lubricants Additives at LANXESS Corporation, USA effective July 1, 2022 after a brief work-in period. He has been Region Head, Vice-Chairman & Managing Director for LANXESS India Private Limited since August 2018 and has also been an Executive Director since 2009. He has held senior management positions in the last 16 years with the organization.

Headquartered in Shelton, CT in the US, the Business Unit Lubricant Additives (BU LAB) is globally positioned with around 800 customers worldwide and production sites in East Hanover, Fords, (USA), Elmira, West Hill (Canada), Altamira (Mexico), Mannheim (Germany), Latina (Italy), Kaoshiung (Taiwan) and Nantong, Qingdao (China). It also has a manufacturing facility in Geismar, Louisiana in the US (Rubicon - a joint venture between LANXESS and Huntsman). The business unit has 5 global technical competence centers located in Naugatuck (USA), West Hill (Canada), Manheim (Germany) and APAC Application Development Center (AADC) at Shanghai (China).  It also has 3 regional sales hubs located in the Americas, Europe and APAC region. The BU LAB offers a comprehensive product portfolio for all lubricant applications. It focuses mainly on 3 segments: Transportation Additives, Industrial Additives and Synthetic Basestocks & Fluids. The business unit serves a host of attractive global end-application industries like automotive, marine, new mobility, aviation, power generation, food processing, metal working and general industrial.

Neelanjan Banerjee is taking over from Martin Saewe who moves on to become the Head of Group Initiative E-Mobility and Circular Economy. He succeeds Philipp Junge, who has led the Group initiative since its launch in August 2020 and has successfully driven LANXESS' strategy and projects around E-Mobility and Circular Economy. Philipp Junge is leaving LANXESS at his own request effective March 31, to pursue new challenges outside the company.

Namitesh Roy Choudhury, currently head of Production, Technology, Safety and Environment group function (GF PTSE) India and Executive Director of LANXESS India, will succeed Neelanjan Banerjee as Country Representative and Managing Director of LANXESS India Private Limited effective July 1, 2022. He joined Bayer in 1989 and subsequently moved to LANXESS in India in 2005. He has more than 30 years of experience in the chemical industry.

About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,900 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Mumbai,  12 February, 2022

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

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