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Evonik Industries to reorganize group structure in response to tougher competition

8:27 AM MDT | June 26, 2014 | Natasha Alperowicz

The executive board of Evonik Industries today presented plans to the supervisory board to reorganize the group structure. The company says that the executive board plans to concentrate more on Evonik’s strategic development within a management holding structure. The company’s three operating segments, consumer, health & nutrition; resource efficiency; and specialty materials would become three fully functional legal entities operating as limited liability companies, under the proposal. This would give the units far greater entrepreneurial...

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