allnex CEO Miguel Mantas to retire in June 2025

allnex CFO Duncan Taylor appointed interim CEO as of May 1st 

Frankfurt, April 17, 2025 – allnex announced today that its CEO, Miguel Mantas, has announced his intention to retire from the company, effective June 30, 2025. allnex’s  shareholder, PTT Global Chemical, has appointed Duncan Taylor, the company’s Chief Financial Officer, as interim CEO, in addition to his current responsibilities, while the company conducts a search for a permanent successor.

Miguel Mantas has led allnex since 2016, steering the company both through times of strong growth and change, and challenging economic periods. Under his leadership, the company doubled its size to become the global leader in industrial coating resins and was ultimately successfully integrated into the PTTGC group in December 2021 following its acquisition from private equity.

“Leading allnex has been an exciting journey and an honor, and I am deeply grateful to our customers, employees, and partners for their continued trust and collaboration,” said Miguel Mantas. “While the global economic moment is certainly not the easiest for both the Chemical and Coatings Industries, I am confident that allnex’s new leadership will continue to lead the company to achieve even greater success.”

Duncan Taylor has been allnex’s CFO since its inception in 2013. He has a wealth of experience in the coating resins industry following a long career with various senior roles in several global chemical companies. His long-lasting and deep involvement in the coatings resins business has played a continued significant role in allnex's growth and strategic direction over the years.
 
“On behalf of the Board, I want to thank Miguel for his dedication and leadership, and wish him all the best for the next phase of his life,” said Narongsak Jivakanun, PTTGC CEO and allnex’s Chairman. “We warmly welcome Duncan Taylor for stepping into this interim role and are fully convinced he will continue to successfully lead allnex during this transition”.

allnex is presently conducting the selection of its next CEO and will provide updates as they become available.