03 December 2007 08:00 [Source: ICIS news]
Under Hambrecht’s leadership, BASF has continued its position as one of the leading chemical companies benefiting from canny investments and strong regional growth.
Last year he bought US catalyst maker Engelhard for $5.6bn (€3.8bn) and Degussa’s construction chemical’s business with the aim of bringing BASF's products closer to end-use markets.
Hambrecht joined BASF in 1976 after studying chemistry in
Saudi Basic Industries Corp (SABIC) vice-chairman and CEO Mohamed al-Mady heads the ICIS Top 40 Power Players this year, with Access Industries owner and chairman, Len Blavatnik at number two.
INEOS chairman Jim Ratcliff, who topped the power players list according to ICIS in 2006, was placed number 7. Hans Wijers, CEO of Akzo Nobel, also made the top 10.
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