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Rudi Lenz named executive officer of DIC Corporation

Press release from the issuing company

Parsippany, NJ – Rudi Lenz, the chief executive officer and president of Sun Chemical Corporation, has been given added responsibilities as an executive officer of DIC Corporation, Sun Chemical's parent company, effective April 1, 2011.
"Mr. Lenz assumed the role as CEO and president at Sun Chemical during very challenging times in the industry globally," said Kazuo Sugie, chief executive officer and president of DIC Corporation. "He has done an outstanding job in this role despite these uncertainties. He will assume responsibilities for the DIC Group's overall operations in the United States and Europe as an executive officer of DIC."
"Since my appointment three years ago, my number one goal has been to ensure that Sun Chemical's global resources are working for our customers," Lenz said. "I believe that is the focus of this organization; it is ingrained into our culture. And we continue to work for our customers by delivering the highest quality products with consistency and reliability and by providing innovative solutions to the challenges our customers face."
Mr. Lenz began his career in accounting and tax with the German Internal Revenue Service in 1976. In 1980, he joined Garrett Corporation as an accounting manager in Frankfurt, Germany. He was promoted to controller and then promoted through a series of financial and accounting positions, ultimately leading the financial and administrative functions as CFO of Garrett GmbH. Following the acquisitions that formed AlliedSignal Corporation, Mr. Lenz became the CFO for AlliedSignal Germany's aerospace, automotive, specialty chemicals, plastics, and engineered materials businesses. He then was promoted to the position of Vice President, Finance – Aerospace Services, AlliedSignal, in Phoenix, Arizona.
In 1997, Mr. Lenz joined Fairchild Dornier Corporation as Executive Vice President and CFO. There he improved the company's financial management capabilities and was instrumental in the integration of Fairchild and Dornier. He was promoted to President and CEO of Fairchild Aircraft in January 2001 and resigned in February 2002 to join Sun Chemical. Under Mr. Lenz's leadership, Fairchild Aircraft increased revenues, improved overall customer satisfaction, and significantly increased income.
A native of Germany, Mr. Lenz earned a bachelor's degree in finance & taxes from the University of Edenkoben. He earned a master's degree in business & administration from the University of Wiesbaden.


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