From the Sector

The Supervisory Board of adidas AG resolved upon the succession for adidas CEO Kasper Rorsted. Effective January 1, 2023, Bjørn Gulden is appointed as member of the Executive Board and CEO of adidas AG. Kasper Rorsted and the Supervisory Board mutually agreed that he will step down as CEO and leave the company upon expiry of November 11, 2022. Harm Ohlmeyer, Chief Financial Officer of adidas AG, will lead the company in the interim until December 31, 2022. The Supervisory Board had announced a CEO transition on August 22, 2022.

Bjørn Gulden is 57 years old, Norwegian and has been CEO of Puma SE since 2013. Bjørn Gulden looks back at a tenure at adidas as, amongst others, Senior Vice President of Apparel and Accessories from 1992 to 1999. Additionally, he was CEO of Danish jewelry brand Pandora, Managing Director of footwear retailer Deichmann, President of Rack Room Shoes, and held various management positions at outdoor apparel company Helly Hansen. He also holds the position of Chairman of the Board of Salling Group, Denmark’s largest food retailer.

“We are very pleased to welcome Bjørn Gulden back at adidas. Bjørn Gulden brings almost 30 years of experience in the sporting goods and footwear industry. As a result, he knows the industry extremely well and draws on a rich network in sport and retail. Bjørn Gulden already served adidas successfully for seven years in the 1990s. As CEO of Puma, he re-invigorated the brand and led the company to record results. The Supervisory Board of adidas AG is convinced that Bjørn Gulden will head adidas into a new era of strength and is looking very much forward to a successful cooperation,” said Thomas Rabe, Chairman of the Supervisory Board of adidas AG. 

The Supervisory Board of Lenzing AG, a world-leading provider of sustainably produced specialty fibers for the textile and nonwoven industries, has appointed Nico Reiner as its new Chief Financial Officer. Mr. Reiner will join Lenzing’s Managing Board led by Chief Executive Officer Stephan Sielaff on January 1, 2023. He will succeed Chief Financial Officer Thomas Obendrauf, who is leaving the company of his own volition after seven years.

Nico Reiner has held several positions in his professional career to date, including CFO at globally operating companies such as Schüco Group, AL-KO Group and Pfleiderer Group, as well as management consultant roles. His most recent appointment was as CFO of Vacuumschmelze GmbH & Co. KG, a global player with headquarters in Hanau that specializes in the development, production and marketing of magnetic materials.

• Stéphane Ferreira joined Carbios as Director of Operations and Executive Committee Member, on October 10, 2022.
• Frédéric Alarcon appointed Licensing Manager
• Arnaud Tillon appointed Group Marketing Director
• New areas of expertise complete the seniority of Carbios’ leadership team, following June appointments of Mathieu Berthoud as Sourcing and Public Affairs Director, Lionel Arras as Industrial Director, and Pascal Bricout as Strategy and Finance Director.
• Departure of Martin Stephan, Deputy CEO

Carbios strengthens its organization with the appointment of Stéphane Ferreira as Director of Operations. He will be in charge of the business’ global development and will steer the relationship with Carbios’ industrial and commercial partners.

Stéphane Ferreira's team will be reinforced by two new members, including:

• Frédéric Alarcon, Licensing Manager, who joined Carbios on September 5. His role is to build and deploy the process licensing model that is at the heart of Carbios’ business model;
• Arnaud Tillon, Group Marketing Director, who joined the firm on September 12. He will support the company’s development by defining and deploying the marketing strategy. He is also in charge of reinforcing the customer culture within the organization.

Martin Stephan will leave his position as Deputy CEO on October 15, 2022, after nearly six years at Carbios.

Emmanuel Ladent, Carbios’ Chief Executive Officer: "The appointment of Stéphane Ferreira as Director of Operations is excellent news for Carbios. His extensive experience in global markets will help Carbios reach a new level, by deploying the company’s proprietary technologies on a large scale. I am also very pleased with the recent arrivals of Frédéric Alarcon and Arnaud Tillon, whose respective expertise in licenses and mass-market offers will be invaluable. Lastly, on behalf of all Carbios’ teams, I want to salute and thank Martin Stephan for his continued commitment to the company’s development. His experience, expertise and skills have been key to developing partnerships which have enabled Carbios to be so close to industrial deployment and recognized as the future worldwide leader of plastics and fibers in the circular economy."

Exhibition: Karl Lagerfeld: A Line of Beauty
May 5 – July 16, 2023

The Costume Institute’s spring 2023 exhibition will examine the work of Karl Lagerfeld (1933–2019). Focusing on the designer’s stylistic vocabulary as expressed in aesthetic themes that appear time and again in his fashions from the 1950s to his final collection in 2019, the show will spotlight the German-born designer’s unique working methodology.

Most of the approximately 150 pieces on display will be accompanied by Lagerfeld’s sketches, which underscore his complex creative process and the collaborative relationships with his premières, or head seamstresses. Lagerfeld’s fluid lines united his designs for Balmain, Patou, Chloé, Fendi, Chanel, and his eponymous label, Karl Lagerfeld, creating a diverse and prolific body of work unparalleled in the history of fashion.

INDA, the Association of the Nonwoven Fabrics Industry, has named government relations and external affairs strategist and advocate Wes Fisher as its new Director of Government Affairs to raise the association’s profile in Washington, D.C. He brings strong liaising skills advancing industries’ interest to regulatory agencies such as the Centers for Disease Control and Prevention, U.S. Department of Agriculture, Food and Drug Administration, and state-level departments.

Most recently, he was senior director of government affairs at the Pet Advocacy Network where he led government relations and legislative strategy for the pet care industry’s national trade association.  Fisher’s background includes providing testimony on hundreds of bills and regulations for associations and creating policy positions, notably on single-use plastics and sustainability.
He has held positions working at the American Legislative Exchange Council and then the National Automatic Merchandising Association where he led state government relations and external affairs for the 1,000-members representing the vending and retail industry.   

At INDA, he will serve as the liaison between the industry and government legislative and regulatory bodies by preparing formal submissions to the federal government articulating industry positions, and representing INDA on the Industry Trade Advisory Committee for Textiles and Apparel (ITAC 12) among other responsibilities in this key position.

Fisher holds a Bachelor’s degree in Political Science from James Madison University in Harrisonburg, VA. He also sits on the board of directors of the Washington Area State Relations Group, and was appointed by the Governor of Virginia to serve on the State Rare Disease Council.

Ulrich Reifenhäuser, CSO of the Reifenhäuser Group, was awarded the prestigious Georg Menges Prize 2022 at the 31st International Colloquium on Plastics Technology in Aachen from September 7-8, 2022. The prize recognizes individuals or groups who have rendered outstanding services to the transfer of research results into industrial practice. The sponsors of the award are the Plastics and Rubber section of Germany's Mechanical Engineering Industry Association (VDMA), together with PlasticsEurope Deutschland and the Association of Sponsors of the Institute for Plastics Processing (IKV) in Industry and Craft at RWTH University. The award is traditionally presented every two years during the colloquium organized by the IKV. Ulrich Reifenhäuser is the first businessman to receive the Georg Menges Award.

The award was presented by Professor Dr.-Ing. Christian Hopmann, Director of the IKV and Dr.-Ing. Herbert Müller, Chairman of the Board of the IKV Sponsors' Association. In his laudatory speech, Professor Hopmann highlighted Ulrich Reifenhäuser's great and successful commitment to the industry and his tireless search for optimal solutions that are sustainable in the best sense of the word, and praised him as a personality of integrity and integration. "The Georg Menges Prize is awarded for the consistent implementation of research and innovation in industry. The previously described achievements of our prizewinner would certainly have been enough to receive the award but, for the sponsors of the Prize, what was especially important and the key argument for their decision was Ulrich Reifenhäuser’s honorary dedication to the K tradefair," explained Professor Hopmann.

Ulrich Reifenhäuser has been a member of the Reifenhäuser Group management since 1992 and is responsible for international line sales. Together with his brother Bernd Reifenhäuser, he manages the company in the third generation. Ulrich Reifenhäuser has been a board member of the VDMA Plastics and Rubber Machinery Association for more than 25 years and has been its chairman since 2010. In 2020, he was inducted into the Plastics Hall of Fame, as was the award's namesake, and in 2022 he will be co-chairing the world's leading plastics trade fair in Düsseldorf for the seventh time in a row as "President of K show."

• Kasper Rorsted will hand over CEO position during the course of 2023

adidas AG’s Supervisory Board announces today that it has initiated a CEO transition. Kasper Rorsted, CEO of adidas, and the Supervisory Board have mutually agreed upon that Kasper Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started. Kasper Rorsted will remain CEO until a successor has been appointed. Jointly with the Supervisory Board and the Management Board he will ensure a smooth transition at the helm of the company.

Prof. Manfred Renner and Prof. Christian Doetsch will take joint leadership of the Fraunhofer Institute for Environmental, Safety and Energy Technology UMSICHT from August 2022. As renowned scientists, they have most recently shaped the direction of the institute as heads of the Products division and Energy division respectively, and will now follow in the footsteps of Prof. Eckhard Weidner, who has entered retirement.

This is the first time in its history that Fraunhofer UMSICHT is led by two directors. Both institute directors began their professional careers at the institute and from August they will have a joint hand in its future.

Prof. Manfred Renner holds a doctorate in mechanical engineering, specializing in process engineering and business development. Since 2006, he has held various roles at Fraunhofer UMSICHT, most recently heading up the Products division and overseeing its 126 employees and its budget of 14.8 million euros. He has set international standards through his award-winning research into a free of water tanning leather tanning process that uses compressed carbon dioxide. With the development of innovative aerogel-based insulation materials for building facades, he has made a significant contribution to environmentally friendly, circular applications in the construction industry and initiated a number of industrial projects. One of the notable technological breakthroughs made by his team was the development of a new type of fire-resistant glass, which can withstand even the most extreme heat. This won his development team the Joseph von Fraunhofer Prize in October 2020.

Alongside becoming institute director, Prof. Renner will also take over the leadership of the Fraunhofer Cluster of Excellence Circular Plastics Economy CCPE in August 2022. In this role, he will represent the Fraunhofer-Gesellschaft on a national and international level with regard to the transformation of industry and society to a circular economy. In addition, he will start his professorship in Responsible Process Engineering at the Faculty of Mechanical Engineering of the Ruhr-Universität Bochum. Over the course of his professorship, he will shape the systemic development of the circular economy at a corporate, regional and European level.

Prof. Christian Doetsch has worked in energy research for more than 25 years, spending most of this time at Fraunhofer UMSICHT. As head of the Energy division, he managed a team of around 145 employees and was responsible for a budget of approximately 10.4 million euros. His technological focal points are energy storage, Power-to-X technologies including hydrogen electrolysis and chemical conversion, catalysts, and energy system modeling and optimization. His overarching aim is the integration of renewable energies into a cross-sectoral, resilient energy system.

In 2015, Doetsch co-founded the award-winning start-up Volterion GmbH & Co. KG, which develops redox flow batteries. He attained high visibility on a global scale by redesigning stacks, one of the main components of redox flow batteries, an achievement for which he, his team and Volterion representatives were awarded the Joseph von Fraunhofer Prize in May 2021. The energy expert also acts as deputy spokesperson for the Fraunhofer Energy Alliance and task manager for the energy storage group at the International Energy Agency (IEA). He also co-founded the “Open District Hub e. V.,” an association that promotes the energy transition in the sector by means of energy systems integration.

Since January 2020, he has been Professor of Cross Energy Systems at the Faculty of Mechanical Engineering of the Ruhr-Universität Bochum. In this role, he conducts research into ecological evaluation and resilience of cross-sectoral energy systems.

Indorama Ventures Public Company Limited (IVL) announced that construction of an integrated PTA-PET plant in Corpus Christi, Texas, will resume in August this year. Corpus Christi Polymers LLC (CCP), a partnership between three companies, is expected to begin production in 2025 and ensure continued cost-competitive production to support the growth of IVL’s global PET operations into the next decade.

CCP was formed in 2018 as a joint venture between Indorama Ventures Corpus Christi Holdings LLC, a subsidiary of Indorama Ventures; DAK Americas LLC, a subsidiary of Alpek S.A.B. de C.V.; and APG Polytech USA Holdings, Inc, a subsidiary of Far Eastern New Century, following the purchase of a partially constructed facility of M&G Resins in Corpus Christi. Each partner will procure its own raw materials and receive one third of the PTA and PET produced at the facility to sell and distribute independently.

Construction of the plant is resuming following a period of pandemic-related disruptions. Through the pandemic, the partners firmly resolved to continue planning amid continued robust demand for PET packaging and the need for shorter supply chains. As the impact of the pandemic eased in 2022, the management team was strengthened in preparation for the resumption in activities.

CCP is expected to be the largest vertically integrated PTA-PET production plant in the Americas, and IVL’s biggest greenfields project in the U.S. since the development of the AlphaPet production facility at Decatur, Alabama in 2009. The new Texas facility is a significant addition to IVL’s leading global footprint, and will expand its coverage to customers across the U.S. The plant’s vertical integration optimizes PTA-PET production and, together with the availability of raw materials Paraxylene and Mono Ethylene Glycol in the U.S., ensures long-term competitive-cost supply for IVL’s locally integrated polyester value chain.

The facility will have nominal annual capacities of 1.1 million metric tons of PET and 1.3 million metric tons of PTA, shared between the partners. It will employ three state-of-the-art technologies: PTA: IntegRex®, PET melt: Invista, and PET solid state: Easy Up (HCIRR – Horizontal Continuous slightly Inclined Rotary Reactor).

CCP is adding to its leadership team to prepare for the new growth opportunities. Mr Russell Wilson will leave his role with IVL as Head of Manufacturing Americas, Combined PET, to take up a new role as Chief Executive Officer of CCP from 18 July. He brings 30 years of Aromatics and PET leadership experience including prior roles with Amoco and BP before joining IVL. Mr Todd Hogue, IVL’s Global Head of EH&S, replaces Mr Wilson as IVL’s representative on CCP’s Board. Mr Michael Day joined CCP as Project Director in June and brings 34 years of construction leadership experience including senior roles with Bilfinger, KBR, and CB&I.  Mr Jeff Shea will assume the role of Chief Operating Officer on 18 July.  Mr Shea has been in the PET industry for the last 22 years and has managed PET sites for the last 17. 

The Trützschler Group SE has appointed Dr. Ulrich Schwenken and Heinrich Krull to its Board of Directors with effect from July 1, 2022. Dr. Schwenken will serve as Chief Executive Officer (CEO). Heinrich Krull will serve as Chief Operations Officer (COO).

Dr. Schwenken will assume responsibility for Development, Digitalization, IT and Corporate Communications. As a doctoral graduate specialized in engineering, he has many years of experience in automotive and mechanical applications. Since 2008, he has held various management positions in the areas of Service, Sales and Development at companies including Porsche AG and Volkswagen AG, where his responsibility covered a range of key topics such as digital transformation. Most recently, Dr. Schwenken served as CSO, CTO and CDO at Leistritz AG, and was responsible for the strategic focus on innovative growth areas.

Mr. Krull joined Trützschler Group SE in September 2020. As a graduate engineer for production engineering and management with international experience in mechanical and production site engineering, he has comprehensive expertise related to operations. He also has extensive experience of production technologies, including in-depth knowledge of Lean Management methods and expertise in post-merger integration. As COO, he will be responsible for the areas of Production, Purchasing and Logistics, Quality Assurance as well as Supply Chain.

Until his scheduled retirement at the end of 2022, Dr. Dirk Burger will act as Co-CEO to Dr. Schwenken.

The responsibilities of the Board of Directors of Trützschler Group SE as of July 1, 2022 are as follows: Dr. Ulrich Schwenken (CEO) is responsible for Development, Digitalization, IT and Corporate Communications; Dr. Dirk Burger will take over the role of Co-CEO to Dr. Schwenken until the end of 2022; Dr. Ralf Napiwotzki (CFO) is responsible for Finance and Controlling, Human Resources, Legal and Compliance; Alexander Stampfer (CSO) is responsible for Sales, Marketing and Service; Heinrich Krull (COO) is responsible for Production, Purchasing and Logistics, Quality Assurance as well as Supply Chain.