Jason Ding to replace Wolfgang Büchele as CEO of BorsodChem

Dr. Wolfgang Büchele will resign as of 31 December 2011 after having successfully led BorsodChem since the end of 2008 through the financial crisis and the financial restructuring. Until the acquisition by Wanhua Industrial Group at the beginning of 2011, Büchele was also Chairman of the Board of BorsodChem. After the acquisition he played a vital role in the integration of BorsodChem into the Wanhua Group and the quick and successful transformation of both companies from regional players into a leading global isocyanates producer.

Jason Ding is a long time veteran in the polyurethane industry. In the past 30 years, he led the transformation of Yantai Wanhua from a small MDI factory to one of the top three isocyanates manufacturers in the world. He has already been involved in critical decision making for BorsodChem as Chairman of the Board since 1 February 2011 and will continue in this role. In addition to his role in BorsodChem, Ding also serves as Chairman of the Board of Yantai Wanhua and CEO of Wanhua Industrial Group, the controlling parent company of BorsodChem.

“We thank Dr Büchele for his dedication and strong leadership enabling BorsodChem Zrt. to successfully master the crisis as well as for his excellent cooperation in the process of integrating BorsodChem Zrt. into the Wanhua Group and in the transformation of the group into a global manufacturer. We wish him all the best in his new assignment at the helm of Kemira,” said Ding.