News for the plastics and rubber industry. Macplas
Marketing Wednesday, 22 June 2022

Covestro extends contract with CEO Markus Steilemann ahead of schedule until 2028

Markus Steilemann will remain Chief Executive Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs until May 2023, until May 31, 2028. Steilemann has been a member of the Covestro Board of Management since September 2015 and its Chief Executive Officer since June 2018.

 

"Markus Steilemann has provided Covestro with outstanding leadership as Chief Executive Officer during his tenure to date, setting important strategic direction and driving the Group's sustainable growth. We look forward to continuing our successful cooperation," said Richard Pott, Chairman of the Supervisory Board of Covestro. "By extending his mandate ahead of schedule, we are emphasizing our confidence in Steilemann to successfully continue the transformation Covestro has begun to become fully circular."

 

Following his contract extension, Markus Steilemann responded: "I would like to thank the Supervisory Board for the trust it has placed in me. We have restructured Covestro and, together with my colleagues, I look forward to leading the company to a successful and sustainable future."