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Symrise CEO to stand down next year

17-Dec-2008

Related topics: Financial & Industry

Symrise has started the search for a new CEO to take the helm from October 2009, following CEO Gerold Linzbach’s decision not to renew his contract.

Dr Linzbach has stressed that his departure is due to personal reasons.

“The business remains strong and stable and is performing in line with market expectations. I have given the Board my personal commitment to work with my colleagues to continue to develop the business in the meantime and to ensure an orderly handover to my successor,” he said.

Chairman of the supervisory board, Andreas Schmid, said the board accepted Dr Linzbach’s resignation “reluctantly”. Schmid is initiating and leading the hunt for a successor.