On December 13, the German chemical giant Evonik Industries announced the implementation of a new sector structure and the adoption of a more streamlined management model. Currently, Evonik manages its chemicals business through three growth-oriented business units: Specialty Additives, Nutrition & Consumer Chemicals, and Asia Vets. According to the new structure, which will take effect on April 1, 2025, the group will allocate business lines to two new sectors: Customized Solutions and Advanced Technologies. Currently, both sectors have annual sales of approximately 6 billion euros. The business line belonging to the Customized Solutions sector will be led by Lauren Kjeldsen, who is American and currently serves as the head of the Asia Vets business unit. The business line belonging to the Advanced Technologies sector will be managed by Claudine Mollenkopf, who is French and currently heads the Specialty Additives business unit. Kjeldsen and Mollenkopf will become members of the Executive Board on April 1, 2025.