Steven Holland (61), Chief Executive Officer of Brenntag AG, the global market leader in chemical distribution, informed the Chairman of the Supervisory Board today that he has decided he will retire after nine years as CEO when his current contract ends in February 2020 and he will not be available for an extension of his contract.
The long-time CEO will thus leave Brenntag AG after thirteen successful years. All members of the Supervisory Board thank him for his extensive work.
Stefan Zuschke, Chairman of the Supervisory Board of Brenntag AG, said: "Steven has made a significant contribution in Brenntag’s journey from private to public ownership and its expansion into a truly global chemical distribution company and market leader. He has been a driving force within the Group since he joined the management board in 2007 and the Supervisory Board would like to express its appreciation for his vision, passion and leadership."
A decision on succession will be made by the Supervisory Board based on a structured selection process.
CEO Steven Holland said: "It has been my honour and privilege to lead the company and enjoy the challenges and successes of an amazing group of committed colleagues throughout the world. I remain passionate about the future success and opportunities that lay ahead for Brenntag as we approach transformational changes in digital supply chain, value added services and growth of our speciality chemicals, ingredients and technical expertise. 2020 is the start of a new decade and I believe it’s the right time for new leadership to take Brenntag forward into new areas of growth and success. I will remain fully committed and focussed on the opportunities which lay ahead until my successor is in place."
Since Steven Holland’s appointment as CEO in June 2011, Brenntag Group sales have increased by more than 60 percent to EUR 12.6 billion in 2018. Furthermore, in 2018 Brenntag Group achieved a new record result in sales and earnings and exceeded the very good result of the previous year.