Allnex appoints Miguel Mantas new CEO

Brussels, 29 January 2016 – Allnex, a leading supplier of resins for architectural, industrial, OEM and special purpose coatings, today announced the appointment of Miguel Mantas to the position of Chief Executive Officer, effective as of Monday, February 1st, to succeed Frank Aranzana.

Miguel Mantas brings to Allnex over three decades of global executive experience in the chemicals and materials industry.

A native of Portugal, Miguel Mantas began his professional experience with Hoechst AG in 1986. After a number of promotions to positions of increasing managerial responsibility for various Hoechst business units, he had responsibilities in many regions of the world including Latin America, Asia as well as at the Hoechst corporate center in Germany.

In 1998, after the demerger of Hoechst’s industrial activities, Miguel Mantas became Vice President of Sales for Celanese in EMEA. He subsequently managed global business units for Celanese in Engineering Polymers and Chemicals. In 2007, Celanese divested its oxo chemicals business to Advent International and Miguel Mantas became Managing Director of OXEA, the newly formed entity. Under his leadership, OXEA experienced a period of rapid growth and transformation by focusing on specialized oxo derivative segments. After the sale of OXEA to Oman Oil in 2013, Miguel Mantas retained his executive role with the company, which is a wholly owned company of the Government of the Sultanate of Oman.

“Miguel is no stranger to Allnex nor the industrial coatings resins space. Over his many decades in the industry, he has been a supplier to many of the coatings and resin companies which we count as our most valued customers. He brings with him not only deep experience in our core business but also a wealth of experience as a global executive with a proven track record of delivering results for all stakeholders. I would also like to express my gratitude to Frank Aranzana for his many contributions to the success of Allnex during his tenure as CEO. Frank will become a member of the Allnex Advisory Committee and an Operating Partner with Advent International, effective as of February 1st”, said Rich Alexander, Chairman of Allnex.