Fresh from a distinguished career at Bayer AG, Vanacker brings to Treofan a deep knowledge of the chemical industry and broad experience at senior management level in a global blue-chip company. He has been a member of Bayer MaterialScience's Executive Committee since 2003. Most recently, he served as Executive VP and Chief Marketing and Innovation Officer at Bayer MaterialScience AG. Before that, he led Bayer's Business Unit Polyurethanes as General Manager and was Head of EMEA at Bayer Polymers AG, Head of Polymer Solutions Americas at Bayer Corp (USA) and Regional Director Polyurethanes South America in Brazil. Vanacker holds a Master of Science degree in polymer engineering from University IHR-CTL Gent, Belgium. He has dual German and Belgian nationality and is fluent in five languages. I am delighted to join Treofan at this exciting time, because I believe that many things that are important to me can be implemented at Treofan: developing new solutions through the eyes of our customers, working together with a real team focused on mutual success, and launching products in line with the corporate philosophy of sustainability, said Peter Vanacker. "We are very pleased with Peter's arrival, said Giovanni Canetta of M&C. "Treofan has made significant progress over the past 15 months in defining strategy and addressing operational issues. Now Peter Vanacker brings exactly the right qualities to drive and implement this strategy with the support of the shareholders, while reinforcing the management team and the organization at large. "We thank Giovanni for his work at Treofan and for the succesful recruitment of Peter, added Stefan Pfander, Chairman of Treofan's Advisory Board. "I am sure that Treofan will benefit enormously from Peter's broad experience. With the support of Giovanni and myself, he will lead the organization to a new level.