Thomas Duletzki, 38, will take over as head of the Mergers & Acquisitions group function of German specialty chemicals company LANXESS effective 1 January 2019.

Duletzki will succeed Marcel Beermann, 46, who joined the High Performance Materials Business Unit of LANXESS on 1 November 2018, after having led the M&A group function for more than 10 years.

Duletzki has been working for LANXESS in the Mergers & Acquisitions group function since 2014 and has successfully managed numerous growth projects. Prior to this, the economist had gained extensive experience in portfolio management at Evonik and in investment banking at Goldman Sachs.

In his new role, he will report directly to LANXESS CFO Michael Pontzen.

“The group function M&A plays a central role in our growth strategy. With Thomas Duletzki, we were able to recruit a proven expert from within our company for this important position,” said Pontzen. “At the same time, I would like to thank Marcel Beermann for his extraordinary contribution to the positive development of LANXESS in recent years. He and his team have made a decisive contribution to ensuring that LANXESS has progressed that quickly and well along its path.”