BASF start to implement the 'Plan' as key people in Ciba are replaced

BASF has started to implement its 'Plan' for swallowing Ciba.  As one of many moves, BASF announced today that it had appointed its Michael Heinz (45) as the new CEO of Ciba.  In addition, Heinz has the role of integrating Ciba into BASF.

Ciba's current CEO, Brendan Cummins, has been given an 'advisory capacity for the next few months.'