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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Lonza Replaces CEO After Decline in Earnings
5:50 AM MST | January 27, 2012 | —Deepti Ramesh
Borgas: Led Lonza through Arch acquisition. Lonza has suddenly fired CEO Stefan Borgas following a series of weak financial results. The company announced plans last week to appoint a new CEO and, during a transitional period Rolf Soiron, Lonza chairman, will coordinate its management committee. The weak results follow Lonza’s acquisition of biocides maker Arch Chemicals (Norwalk, CT) for $1.4 billion last October. “With the acquisition of Arch in 2011, Lonza achieved another step in its transformation toward a global life science company,”...
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