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Evonik Degussa to Establish Carbon Black Business as a Separate Entity

On June 25, 2010, Evonik Industries issued a release announcing that it was establishing a separate legal entity to conduct its carbon black activities.

Effective July 1, 2010, Evonik Degussa GmbH carved out the Carbon Black Business Line of Evonik’s Inorganic Materials Business Unit into Evonik Carbon Black GmbH. The new company is a wholly owned subsidiary of Evonik Degussa GmbH and be part of Evonik’s Inorganic Materials Business Unit. Mr. Jack Clem, currently Senior VP worldwide carbon black, is the new CEO of Evonik Carbon Black GmbH. Klaus Hagenmueller is the new Vice President Strategic Raw Materials & SCM Business Line Carbon Black. Rainer Wobbe is the new CFO of Evonik Carbon Black GmbH. The operational Headquarters of this new legal entity is unchanged and is located in Frankfurt, Germany.

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