Sector News

Covestro extends CEO’s contract by five years

June 11, 2022
Chemical Value Chain

Covestro AG said Friday that it has extended the contract of Chief Executive Officer Markus Steilemann for a further five years.

Steilemann’s contract will now run until May 31, 2028, after the German polymer manufacturer and supplier’s supervisory board decided to extend the contract ahead of schedule.

Steilemann has been on the Covestro board of management since September 2015 and has been CEO since June 2018.

By Pierre Bertrand

Source: marketwatch.com

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