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Published online 12 November 2008
BASEL, Switzerland - Juerg Fedier, Chief Financial Officer at Ciba Inc., has decided to pursue career opportunities outside Ciba and will leave the Company at the end of 2008.
Due to the takeover process of Ciba by BASF, it was decided not to refill the position.
Niklaus Meier will assume the CFO’s responsibilities in addition to his current position as Head of Group Control. Meier has been with Ciba for 13 years, holding several senior positions in Finance, and has worked closely with the CFO and the Executive Committee.
Brendan Cummins, Chief Executive Officer at Ciba: “On behalf of the Board of Directors and the Executive Committee, I’d like to thank Juerg Fedier for his valuable contributions and the good cooperation over the last two years and wish him all the best for the future.”
About Ciba:
Ciba (SWX: CIBN) is a leading global company dedicated to producing high-value effects for its customers’ products. We strive to be the partner of choice for our customers, offering them innovative products and one-stop expert service. We create effects that improve the quality of life – adding performance, protection, color and strength to plastics, paper, automobiles, buildings, home and personal care products and much more. Ciba is active in more than 120 countries around the world and is committed to being a leader in its chosen markets. In 2007, the Company generated sales of CHF 6.5 billion from continued operations and invested over CHF 260 million in R&D.
For further information please contact:
Tel. +41 61 636 4444
Source: Ciba
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