02 Aug 2019 --- Clariant and SABIC have agreed to “temporarily suspend” the discussions on the intended business combination High Performance Materials (HPM), consisting of Clariant’s Additives and high-value Masterbatches and parts of SABIC’s Specialties business. The day before the announcement, Ernesto Occhiello, Chief Executive Officer and Member of the Executive Committee for Clariant decided to leave the company for personal reasons with immediate effect. The Board of Directors asked Hariolf Kottmann, Chairman of the Board of Directors of Clariant, to assume his responsibilities in the interim as Executive Chairman until a successor is found.
