DyStar introduces new executive committee

DYSTAR INTRODUCES NEW EXECUTIVE COMMITTEE

DyStar, a Platinum Equity company and a premier provider of dyes and services to the fashion and textile industry, announced its new executive management organization. The company, which was previously owned jointly by BASF, Bayer and Hoechst/Aventis, was acquired by Platinum Equity on August 5.

As previously announced, Dr. Clemens Willée has been confirmed as CEO. Additionally, Helmut Raulwing remains as DyStar?s CFO. The other members of the new International Executive Committee are Dr. Mathias Lütgendorf (COO), Alan Cunningham (CMO) and the Region Heads Dr. Uwe Mrotzeck (Americas), Burkhard Straube (Europe) and Peter Zinser (Asia).

Dr. Willée succeeds Alfred X. Rad, who retired recently for health reasons. Rad played a key role in the successful positioning of DyStar as the world?s premier textile dyes company. He served as Spokesman of the Management following the company?s establishment on July 1, 1995 and CEO from October 1, 2000.
Dr. Willée joined DyStar?s General Management in October 2000 when BASF?s textile dyes operations were integrated into the company. Until now he has been responsible for marketing, sales, e-commerce and the Asia Region. Dr. Willée is confident about DyStar?s prospects: ?We have a strong leadership team in place, and I am convinced that with Platinum?s support we will strengthen our market leadership in textile dyes and open up new possibilities for the growth and development of DyStar.?

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Contact:
Karl-Heinz Michel
Tel.: +49-69-21092734
Fax: +49-69-21092005
E-mail: Michel.KarlHeinz@DyStar.com