Marco Panichi has been named chief financial officer in the management board of Cognis GmbH. He succeeds Klaus Edelmann, who has held the position since November 2006. Panichi is currently group vice president of corporate controlling and development at Cognis, reporting directly to Klaus Edelmann.
Panichi will assume the role on Oct. 1, 2009, and become a member of the supervisory board. Edelmann will continue to serve the company as a member of the supervisory board, and will advise the owners in a consulting capacity.
Panichi began his career with Henkel in 1997, and has been with Cognis since the company started trading in 1999. As head of corporate development from 2002 to 2005, he made a contributed to the implementation of strategy, particularly the decision to focus on Cognis’ core businesses. From 2006 until the end of 2008, Panichi was based in Malaysia as CFO of the Cognis oleochemical global joint venture, with responsibility for all administrative functions.