Randy Dearth became Calgon Carbon's CEO in June 2012, after his predecessor John Stanik retired. Dearth had previously worked at Bayer Corporation and as a CEO of Lanxess Corporation. Also in 2012, Seth Schofield was appointed independent chairman of the board. In May 2013 Dearth announced the company would be working to cut annual expenses by $30 million by the end of 2014. The company, which had recently closed a plant in China, reduced their number of products by 45 percent early in the cost-cutting cycle. Calgon Carbon also did an early retirement program and restructured their business units.