Brenntag SE Embarks on New Chapter with Leadership Change and Dividend Payment
Brenntag SE, a leading German company in the chemical trading and distribution sector, has been making waves in the industry with several significant announcements. While the company’s stock price has taken a slight dip, investors who have held onto their shares for the past five years have seen a substantial return on their investment.
The company’s latest move has been the appointment of Jens Birgersson as its new Chief Executive Officer (CEO), effective September 1. With over two decades of experience under his belt, Birgersson brings a wealth of knowledge to the role, having previously served as the CEO of Rockwool Group in Denmark. This leadership change comes at a pivotal time for the company, as it undergoes a major transformation that may potentially lead to a split.
As Brenntag SE navigates this significant shift, the company has also announced a dividend payment of 2.10 EUR per share for the year 2024. This move is in line with the previous year’s dividend and is expected to benefit shareholders, with a total of 303.20 million EUR being distributed among them. This decision demonstrates the company’s commitment to rewarding its investors and providing a stable return on their investment.
Key Takeaways:
- Jens Birgersson appointed as new CEO, effective September 1
- Over two decades of experience in the industry
- Leadership change comes as the company undergoes a significant transformation
- Dividend payment of 2.10 EUR per share for the year 2024
- Total dividend payout of 303.20 million EUR
- Move expected to benefit shareholders and provide a stable return on investment