Thomas Duletzki is to take over as head of Lanxess’s Mergers & Acquisitions group on 1 January 2019.

Duletzki (38) will succeed Marcel Beermann (46), who joined Lanxess’s High Performance Materials Business Unit on 1 November 2018 after leading the M&A group function for more than ten years.

Duletzki has been working in Lanxess’s Mergers & Acquisitions group since 2014. Prior to Lanxess, the economist worked in portfolio management at Evonik and in investment banking at Goldman Sachs.

In his new role, Duletzki will report directly to Lanxess chief financial officer Michael Pontzen.

“The group function M&A plays a central role in our growth strategy. With Thomas Duletzki, we were able to recruit a proven expert from within our company for this important position,” said Pontzen. “At the same time, I would like to thank Marcel Beermann for his extraordinary contribution to the positive development of Lanxess in recent years. He and his team have made a decisive contribution to ensuring that Lanxess has progressed that quickly and well along its path.”