Steven Holland, 61, chief executive officer of Brenntag AG, the global market leader in chemical distribution, announced his decision to retire after nine years as CEO when his current contract ends in February 2020.
“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,” Holland said.
The long-time CEO will leave Brenntag AG after 13 successful years. A decision on succession will be made by the Supervisory Board based on a structured selection process.
Since Holland’s appointment as CEO in June 2011, Brenntag Group sales have increased by more than 60% to EUR12.6 billion (USD14.31 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. Headquartered in Essen, Germany, the company operates a global network with more than 580 locations in 73 countries and a workforce of more than 16,600 employees.
“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,” said Stefan Zuschke, chairman of the Supervisory Board of Brenntag AG.