Abstract
CLARIANT’S EXECUTIVES are feeling optimistic these days. The company announced that it expects 2011 to be an excellent year, with sales growth approaching 10%, and it has set ambitious profit targets for 2015. Their buoyant spirits came through during a media day they held in London earlier this month. The Swiss specialty chemical company had not hosted an event like this since 2006, and it was the first for Chief Executive Officer Hariolf Kottmann, who took the helm in 2008. Investment analysts were invited for similar presentations the day before, and the company was surprised and delighted that nearly 100 showed up. Such events demand a good story and an interesting future opportunity to dangle before the audience. Kottmann delivered on both counts. Restructuring has been the focus for much of his tenure with the company, and he seemed eager to put it behind him. Clariant laid off 20% of its workforce and is ...
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