As already announced in May 2017, Dr. Markus Steilemann, currently Chief Commercial Officer (CCO), will become the new Chief Executive Officer (CEO) of Covestro. He succeeds Patrick Thomas, who will retire prematurely on 31 May 2018 by mutual agreement. Thomas’ contract as CEO would have originally ended on 30 September 2018. Thomas has been CEO of Covestro and its predecessor Bayer MaterialScience since 2007.
In the future, the Covestro 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 serve as Chief Technology Officer (CTO). Dr. Thomas Toepfer, the new Chief Financial Officer (CFO) of Covestro, came into office on 1 April 2018.