Clariant Board of Directors decided to reduce its size and enhance corporate governance

Core Points - Clariant's Board of Directors has decided to reduce its size from eleven to eight members to enhance corporate governance and address investor concerns regarding independence, tenure, and gender diversity [1][2] - Five directors will not stand for reelection at the 2026 AGM, and the Board will propose two new independent members ahead of the meeting [1] - The independent Chairman, Ben van Beurden, emphasized the importance of these changes in aligning with the company's strategy and best practices in corporate governance [2] Company Overview - Clariant is a sustainability-focused specialty chemical company based in Switzerland, with a total staff of 10,465 and recorded sales of CHF 4.152 billion in the fiscal year ending December 31, 2024 [7] - The company operates through three business units: Care Chemicals, Catalysts, and Adsorbents & Additives [7]