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Lanxess: Organized Response Crucial in Economic Crisis

1:31 PM MDT | May 27, 2010 | Vincent Valk

An organized response to the recent economic crisis was crucial in ensuring Lanxess's successful emergence from it, Lanxess North America CFO Raymond Newhouse told attendees at CW's CFO Conference in New York on Tuesday. Though sales and margins declined, the company recorded an overall profit of 40 million euros in 2009. Newhouse credited an organized response, in the form of a crisis management team headed by CEO Axel Heitmann, with making sure that the company responded appropriately to the crisis and positioned itself for recovery. The crisis management team...

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