2020/12/04

TFL welcomes new CEO

The TFL Group welcomes its new CEO Dr. Wolfgang Schütt from March 2021.

TFL is pleased to announce Dr. Wolfgang Schütt will be leading the TFL Group as CEO from March 2021. Dr. Schütt joins TFL from Altana AG, where he is currently leading the global division ECKART Effect Pigments with a turnover of € 360 million and 1,700 employees. ECKART is a global chemical company and operates mainly in the automotive, industrial coatings, printing and cosmetics industries. Dr. Schütt is a chemist by education and additionally holds a business degree. He started his career at Wacker Chemie GmbH in the Silicones Division and has held several positions in Marketing & Sales, including close to 4 years in the United States. Following a spell at Degussa AG (Food Ingredients Division), Dr. Schütt joined Altana AG in 2005 where he lead the division ELANTAS Electrical Insulation, with a turnover of approximately € 400 million, until 2012 before taking over the CEO position of ECKART Effect pigments.

TFL announced its acquisition of LANXESS leather chemicals in August 2020. The acquisition remains subject to approval by various competition authorities, but is expected to close in the second quarter of 2021. The TFL Group is pleased to have secured an experienced leader to guide the company through a period of substantial change and to continue TFL's successful business story.

"I am glad to join TFL and lead this major player in the leather chemical business into the next phase of future profitable growth. After closing the acquisition of the LANXESS leather chemical business, our task will be to combine the strengths of both businesses and continue to create the world’s leading leather chemicals businesses", Dr. W. Schütt states.

"We are excited to welcome Dr. Schütt as CEO, and are confident he will successfully oversee the integration of the LANXESS leather chemical business and maintain TFL’s strong growth trajectory. We would also like to thank Dr. Peter Amann, the outgoing CEO, for his substantial contributions and look forward to welcoming him onto the Supervisory Board of TFL” , says James Hogarth on behalf of the TFL Group Supervisory Board.