BASF announced today that its supervisory board has decided to reduce the size of the company’s board of executive directors from seven to six effective 1 January 2020, as part of ongoing efficiency measures. Board member Sanjeev Gandhi will leave the company at his own request, the company says. He was appointed to the board in December 2014. In addition, as part of the ongoing reorganization, the cross-functional service units global engineering services, global digital services, and global business services will provide end-to-end services worldwide.
BASF said in June this year that it will cut 6,000 jobs, almost 5% of its workforce, by the end of 2021 as part of a plan to reshape its organization. The plans should result in annualized savings of €300 million ($335 million), generating an additional €2 billion/year of earnings from the end of 2021, the company said.
Following these changes, the board of executive directors has decided to reassign the responsibilities with effect from 1 January 2020.
Martin Brudermüller, 58, is chairman of the board of executive directors and CTO. His additional responsibilities include corporate legal, compliance, tax & insurance, corporate development, corporate communications & government relations, HR, and investor relations.
Hans-Ulrich Engel, 60, is vice chairman and CFO and has responsibilities for global procurement, global business services, global digital services, and corporate audit.
Saori Dubourg, 48, is board member in charge of agricultural solutions, care chemicals, nutrition & health, construction chemicals, bioscience research, as well as Europe.
Michael Heinz, 55, is board member in charge of industrial relations, director global engineering services, corporate environmental protection, and health & safety; European site & Verbund management; and is in charge of South America.
Markus Kamieth, 48, located in Asia is responsible for catalysts, coatings; dispersions & pigments, performance chemicals, advanced materials & systems research, BASF new business, Greater China, South & East Asia, and ASEAN & Australia/New Zealand.
Wayne Smith, 59, based in North America is responsible for monomers, performance materials, petrochemicals, intermediates, market & business development, site & Verbund management North America, country platforms North America, and process research & chemical engineering.
By Natasha Alperowicz
Source: Chemical Week
The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.
The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.
Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.