Christian Kullmann has replaced Klaus Engel as CEO after a shareholders meeting in Essen, Germany, which approved a dividend payment of EUR1.15 (US$1.30).

“You [Engel] successfully led the company through the global financial and economic crisis and steered the development of Evonik from a conglomerate to one of the leading speciality chemical companies,” said Evonik chairman, Werner Müller.

“Today Evonik is excellently positioned – and the recent acquisition of Air Products speciality additives business, which you successfully managed in May 2016, contributed to that.” 

Engel joined Evonik’s executive board in 2007 and has been its chairman since 2009. “Evonik has all the prerequisites to actively and successfully shape the future and to take advantage of attractive and sustainable growth prospects,” said the outgoing CEO.

“Therefore, I can leave Evonik in the hands of my successor with confidence.” 

Shareholders voted in favour of Aldo Belloni, Linde CEO, joining the supervisory board.

Belloni will replace Haniel CEO, Stephan Gemkow, who resigned his mandate at the annual shareholders’ meeting.