BASF Lanka appoints new Managing Director

Monday, 3 June 2013 01:10 - - {{hitsCtrl.values.hits}}

BASF has appointed Sundaresan Ramnath as the Managing Director of BASF Lanka Ltd. He succeeds I.S. Ragavan, who has left the company. Ramnath has also been appointed as a Director on the Board of BASF Lanka Ltd. on the same date.

Ramnath is a qualified Charted Accountant and Certified Internal Auditor. He has more than three decades of experience in leadership roles and has previously worked with companies like Lovelock & Lewes, Rallis India, Fujitsu ICM Ltd., and IL&FS. He joined BASF in 1996 and was a member of the senior management team at BASF India before moving taking up a role at BASF’s Asia Pacific headquarters in Hong Kong as Director, Regional Finance and Controlling.

BASF has had an association with Sri Lanka for almost 75 years now. With 56 employees, an agrochemicals processing unit and a state-of-the-art warehousing complex at Sapugaskande, BASF registered sales of 20 million to customers in Sri Lanka in 2012. BASF in Sri Lanka also contributes to the local community with initiatives that support relief and rehabilitation efforts.

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. They combine economic success with environmental protection and social responsibility. Through science and innovation, they enable their customers in nearly every industry to meet the current and future needs of society. Their products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. They have summed up this contribution in their corporate purpose: They create chemistry for a sustainable future. BASF had sales of 72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).