Covestro Appoints Dr Markus Steilemann as CEO

Covestro Appoints Dr Markus Steilemann as CEO

Covestro has announced the appointment of Dr Markus Steilemann as CEO. He will take over from Patrick Thomas who is scheduled to retire on May 31, 2018. With the announcement, the company’s Board of Management will consist of three members. Dr Klaus Schäfer, whose contract has been renewed in January 2018 until the end of 2022, will continue to act as Chief Technology Officer (CTO).

Dr Richard Pott, Chairman of the Supervisory Board, said, “We have deep respect for Patrick Thomas’ excellent work at Covestro. He has significantly contributed to Covestro’s remarkable success story. Ever since Covestro became independent in 2015, the company achieved record results continuing its profitable growth path until today. Under his leadership, Covestro developed an independent corporate culture and became a forerunner in innovation and sustainability in the chemical industry and a highly attractive employer."