Basel, Switzerland – 29 November 2022 – Arxada, a global leader in specialty chemicals, is pleased to announce the appointment of Peter Frauenknecht as Chief Financial Officer (CFO), effective today. Peter will be based in Basel and will join the Arxada Executive Leadership Team.
Peter joins Arxada from specialty chemicals technology company Atotech Group, where he has been CFO since 2017. At Atotech, Peter was a key member of the leadership team that transformed the business after the carve-out from the previous owner. Subsequently, he helped significantly increase the value of the company and was instrumental in its listing on the New York Stock Exchange. Peter was responsible for the creation of professional, standalone finance and IT infrastructure at Atotech, drove numerous value creation initiatives and readied the company for capital markets. During his tenure, he oversaw all finance, treasury and tax operations, as well as external and internal reporting, investor relations, internal audit, the project management office and IT. Peter brings extensive financial leadership experience in both private and public companies, having held CFO and executive management roles at Constantia Flexibles and OSRAM.
Jan Kantowsky, who has served as Interim Chief Financial Officer since February 2022, will ensure a smooth transition before returning to global consulting firm AlixPartners.
– ENDS –
Arxada is a global specialty chemicals business with a world-class offering in Consumer Microbial Control (CMC), Industrial Microbial Control (IMC) and Specialty Products Solutions (SPS). Arxada provides a broad portfolio of differentiated products targeted at a range of end markets, supported by its leading regulatory capabilities, IP expertise and established track record in R&D.
Arxada’s CMC business targets five end markets: Hygiene, Home and Personal Care, Wood Protection, Crop Protection, and Food, Beverage and Water, while IMC focuses on Paints and Coatings and Material Protection. Both businesses build on superior regulatory expertise, the broadest set of antimicrobial agents and the widest range of registrations in the world, which are critical to maintaining the integrity of their customers’ products.
SPS provides complex, high-quality technologies and chemistries to customers across a range of industries within its three business lines: Performance Intermediates and Chemicals, Composite Materials and Custom Development and Manufacturing.
The three businesses work closely together to provide complementary expertise and deliver unique, innovative solutions to help customers protect their products from harmful microorganisms, improve health and safety and reduce their environmental footprints.
Arxada has a global footprint spanning 26 production sites, with a world-leading team of 3,800 employees serving customers across a wide range of industries.
Arxada, formerly part of Lonza Group, is owned by Bain Capital Private Equity and Cinven.