TFL Group is announcing that the TFL Supervisory Board did not prolong the current contract of Dr. Wolfgang Schütt – CEO TFL Group - effective July 2023. Dr. Schütt has been with TFL for the past 2,5 years and we would like to thank him for his numerous contributions during the strategically and operationally important integration of Lanxess’ Organic Leather Chemicals business as well as tactical projects and wish him the very best for the future.
With this change, we are announcing the appointment of Russell Taylor as interim CEO. Russell Taylor is currently on the TFL Board and is also the Executive Chairman of Bakelite Synthetics, a Specialty manufacturer of Industrial Chemicals and has been associated with Black Diamond Capital Mgmt. for several years. Prior to that, Russell Taylor has held leadership positions at several public and privately owned companies.