PARSIPPANY, NJ -- Rudi Lenz, the Chief Executive Officer and President of Sun Chemical Corp., has been given added responsibilities as an Executive Officer of DIC Corp., 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 Corp. “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.”
Lenz began his career in accounting and tax with the German Internal Revenue Service in 1976. In 1980, he joined Garrett Corp. 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 Corp., 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, AZ.
In 1997, Lenz joined Fairchild Dornier Corp. 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 Lenz’s leadership, Fairchild Aircraft increased revenues, improved overall customer satisfaction and significantly increased income.