Lonza Announces CEO Marc Funk is Stepping Down
Lonza announced that Marc Funk, CEO, will leave the Company for personal reasons. The Board of Directors also announced that Albert Baehny, Chairman, will take on the additional responsibility of Chief Executive Officer on an ad interim basis until a permanent successor is found. Marc will stay until January 2020 to ensure a smooth hand-over.
In addition, for reasons of good governance, board member Christoph Maeder has been appointed Lead Independent Director by the Board.
Christoph Maeder, Lead Independent Director said: “Albert has agreed to lead the Company on a temporary basis until a successor is in place, for which a search has commenced. The Board respects Marc’s decision and would like to thank him for his service to Lonza and wish him well for his future endeavors.”
Albert Baehny, Chairman said: “I am committed to Lonza, its employees and all its stakeholders and I will ensure that I work in their best interests in the months ahead. The Company has an exciting future in dynamic markets and I am keen to ensure that we maintain our momentum and capture all the opportunities available to us. I look forward to working with colleagues, customers, partners and other stakeholders in the coming months and also to working with the Board in the search for a new Chief Executive Officer to lead the Company in the years ahead.”
Lonza is an integrated solutions provider that creates value along the Healthcare Continuum®. Through our Pharma Biotech & Nutrition segment and our Specialty Ingredients segment businesses, we harness science and technology to serve markets along this continuum. We focus on creating a healthy environment, promoting a healthier lifestyle and preventing illness through consumers’ preventive healthcare, as well as improving patient healthcare by supporting our customers to deliver innovative medicines that help treat or even cure severe diseases. Patients and consumers benefit from our ability to transfer our pharma know-how to the healthcare, hygiene and fast-moving consumer goods environment and to the preservation and protection of the world where we live. Founded in 1897 in the Swiss Alps, Lonza today is a well-respected global company with more than 100 sites and offices and approximately 15,500 full-time employees worldwide at the end of 2018. The company generated sales of CHF 5.5 billion in 2018 with a CORE EBITDA of CHF 1.5 billion. Further information can be found at www.lonza.com.
Dirk Oehlers – Investor Relations Officer – email@example.com – +41 61 316 8540
Source: Lonza Group Ltd.