Swiss speciality chemicals maker Arxada has appointed Peter Frauenknecht as its chief financial officer (CFO), effective immediately.
Frauenknecht (pictured) joins the Basel firm from Atotech, where he was chief financial officer since 2017.
At Atotech, he was a key member of the leadership team that transformed the business after the carve-out from the previous owner.
Subsequently, he helped significantly increase the value of the company and was instrumental in its listing on the New York Stock Exchange.
“I am delighted to welcome Peter to the Arxada management team at a time of significant expansion for the company. Peter’s experience will be invaluable as we continue to build on our strong foundations and further grow our business,” said chief executive Marc Doyle.
Frauenknecht replaces Jan Kantowsky, who served as interim CFO since February 2022 and will return to global consulting firm AlixPartners.
“Since launching as an independent company, Arxada has made significant progress and I look forward to working closely with the leadership team to deliver on its strategy and move the company into the next stage of its growth,” said Frauenknecht.