Ex-Lanxess CEO Heitmann Considers Demanding Back Severance Pay

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Axel Heitmann, the former Lanxess AG chief executive officer who left the German chemical maker at the end of February, is considering trying to claw back severance pay that he previously agreed to forgo.

Heitmann has hired lawyers to look into whether he was illicitly compelled to to give up the pay on Feb. 20, his spokesman Peter Dietlmaier said today.