“You successfully led the company through the global financial and economic crisis and steered the development of Evonik from a conglomerate to one of the leading specialty chemical companies,” said Müller. “Today Evonik is excellently positioned – and the recent acquisition of Air Products specialty additives business, which you successfully managed in May 2016, contributed to that.”
Engel joined Evonik’s executive board in 2007 and has been its chairman since 2009. “Evonik has all the prerequisites to actively and successfully shape the future and to take advantage of attractive and sustainable growth prospects,” Engel said. “Therefore, I can leave Evonik in the hands of my successor with confidence.”
With a stable dividend of €1.15 per share, Evonik again generated a return for investors of more than 4%, measured by the closing stock price on December 31.
Shareholders voted in favor of Aldo Belloni, CEO of Linde AG, joining the supervisory board. Belloni will replace Haniel CEO Stephan Gemkow, who resigned his mandate at the annual shareholders’ meeting.