The Board of Directors of Agfa-Gevaert NV (i.e. Agfa – Mortsel, Belgium) recently accepted Klaus Röhrig’s resignation as Chairman and has appointed Frank Aranzana, member of the Board of Directors since May of 2019, as its new Chairman. “It’s an honour to take on the role of Chairman at Agfa-Gevaert,” Aranzana said. “Under Klaus Röhrig’s chairmanship, the company has achieved a number of milestones, including the successful sale of part of the HealthCare IT activities and the transition to a new CEO. I would like to thank Klaus Röhrig, who will continue to support the company as member of the Board of Directors.”
Aranzana holds a Bachelor’s Degree in Economics and Political Sciences from IEP Paris, a Bachelor’s Degree in Law from Nice University, and later obtained a Master in Management from ESSEC in Paris. He started his career in 1986 with Dow Chemical, where he worked in sales, marketing and business management. In 1996, he joined DuPont Dow Elastomers as Business Director. In 1999, he joined UCB as a Director of the Radcure business unit and subsequently Specialty Chemicals, which were sold to Cytec Industries in 2005. He became Vice President of Cytec Surface Specialties, and in 2008 President of Cytec Specialty Chemicals, member of Cytec’s Executive Leadership team and an Officer of Cytec Industries. From 2013, he was appointed CEO of Allnex, the leading producer of coating resins acquired by Advent International Private Equity. And from 2016 to early 2020, he was an Advent Operating partner, sitting on Allnex’s Advisory Committee.
“It’s been a privilege to help navigate the company in today’s challenging market, working closely together with my fellow members of the Board of Directors and Agfa-Gevaert’s Executive Management,” said Röhrig. “There remains multiple challenges ahead, not the least COVID-19-induced, but with Frank Aranzana’s extensive experience, especially when facing the financial crisis of 2008, Agfa-Gevaert is in good hands. Hence, I’m delighted to hand the chairmanship over to him and stay committed to the company as member of the Board of Directors.” During Agfa’s Board of Directors meeting on August 25, 2020, Röhrig indicated his wish to resign from the chairmanship. He was increasingly concerned with his lack of physical presence in Mortsel, Belgium as Chairman of the company, caused by the Covid-19 pandemic, as well as Belgium’s severe travel restrictions that could continue for several months.
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