Lonza announced today that Marc Funk, CEO, will leave the company for personal reasons.
The Board of Directors also announced that Albert Baehny, Chairman, will take on the additional responsibility of Chief Executive Officer on an ad interim basis until a permanent successor is found.
Funk will stay until January 2020 to ensure a smooth hand-over.
In addition, for reasons of good governance, board member Christoph Maeder has been appointed Lead Independent Director by the Board.
Christoph Maeder, Lead Independent Director said: "Albert has agreed to lead the company on a temporary basis until a successor is in place, for which a search has commenced. The Board respects Marc's decision and would like to thank him for his service to Lonza and wish him well for his future endeavours."
Funk will stay until January 2020 to ensure a smooth hand-over
Albert Baehny, Chairman said: "I am committed to Lonza, its employees and all its stakeholders and I will ensure that I work in their best interests in the months ahead. The company has an exciting future in dynamic markets and I am keen to ensure that we maintain our momentum and capture all the opportunities available to us. I look forward to working with colleagues, customers, partners and other stakeholders in the coming months and also to working with the Board in the search for a new Chief Executive Officer to lead the company in the years ahead."